Bloomberg: OPEC won't discuss "freezing" oil production.


Bloomberg News Agency reported "economic, Sunday August 7, the Member States of OPEC has no plans to return to negotiations about" freezing "oil production.

Bloomberg said that "the International Energy Forum to be held in Algeria, between 26-28 September," will discuss issues of cooperation with States outside OPEC. "

Earlier, the newspaper "the Wall Street Journal that oil-exporting countries could resume discussion of proposed" freeze "production during the energy summit to be held in Algeria, noting that their own sources confirmed that both Venezuela and Ecuador and Kuwait, ready to discuss this issue.

For its part, the Russian energy Ministry said it "has not received any formal invitation to participate in the next OPEC meeting."

Earlier, last June, Venezuelan oil Minister said, ailokhio del Pino "TASS Agency:" countries (OPEC) agreed to hold a meeting in Algeria's capital during the month of September, to analyse developments in the market after the summer period.

According to the Venezuelan Minister, the urgent need to take measures that reduce oil prices: "due to the absence of measures to regulate the volume of production, raw material prices could drop to $ 20 a barrel by the end of the year."

OPEC has discussed with the participation of Russia, to freeze oil production at the levels of January, the last time on 17 April in Doha, but disagreements within the Organization have prevented reaching an agreement on this issue. It reflected badly on crude prices in global markets, leading to increased pressure on prices continued to retreat.