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Oil to balance through supply-demand not shaky agreements – Russia’s Novak

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    A day after Doha talks fell apart, Russia’s energy minister was out on the wires stating oil would balance through demand supply mechanics and not through shaky agreements.

    Novak also said Russia showed readiness in Doha to co-operate on rebalancing global oil markets and added further that some in Doha demanded that other non-OPEC members join production freeze pact.
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