Russian energy Minister Alexander Novak told that the state does not expect the visit of the Ministerial meeting of member countries of OPEC. Russia is an observer in OPEC and participates in some events, but not all.
The Russian energy Ministry does not expect to attend the Ministerial meeting of OPEC member countries, to be held in Vienna on 27 November, than told the head of the Ministry Alexander Novak. Since 1998 Russia - watcher in OPEC, which participates in the sessions of the Conference and meetings of experts, and other OPEC event with representatives of States not members of it.
Replying to a question by reporters on the sidelines of the international forum on international energy efficiency and energy ENES about visiting the forthcoming meeting, Alexander Novak said on projects power. "No, do not go" - quoted by RIA Novosti Minister.
One of the main topics, which are expected to be raised at the OPEC summit in Vienna, will be horrendous drop in oil prices. World prices for black gold declined for several months, after reaching multi-year lows.
Experts believe that OPEC members will discuss whether they should reduce oil production amid a worsening forecasts for using this type of fuel around the world, is also an important production growth in the United States. And even lower prices on black gold other factor that requires a response oil-producing States, if they are interested in preserving their own revenues.
The meeting hasn't happened yet, and the market has already started to respond, but its members don't quite understand exactly how to do it. The trade data show that world prices for oil remain multidirectional dynamics on the background of expectations of investors, the OPEC meeting.
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