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OPEC and non-OPEC oil ministers are planning to meet in March – Russian oil minister

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Russian oil minister was on the wires stating the OPEC and non-OPEC oil ministers are planning to meet in March and said he will attend the same if the meeting takes place.

    Key Quotes

    Currently unclear whether freeze agreement is only verbal or to be signed

    Will likely meet with Iranian oil minister in March

    Oil output freeze should last a minimum of 1 year

    Oil market will balance quicker if Russia and other countries do not increase output
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