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Latest News - #The situation in the oil market

Saudi Arabia urged to stabilize the oil market

The government of Saudi Arabia has called all the major oil producers that do not participate in the transaction of OPEC , to take part in the stabilization of the market of hydrocarbons, said the report on the results of the weekly meeting of the Cabinet of Ministers on the social network Twitter.

The Saudi government indicated that the last meeting of OPEC Ministers and the producer countries of OPEC reaffirmed "the continuing commitment of countries to the desire to achieve stability of the market in such a way that would meet everyone's interests and would guarantee security of supply for consumers."

The Kremlin stated a stabilization in the world markets of energy resources

Moscow says the stabilization on the world markets of energy resources, the Minister of energy of Russia Alexander Novak is in constant contact for the development of the situation with their colleagues from other countries, said the press Secretary of the President Dmitry Peskov.

"In General, we observe a stabilization on the international energy markets. And again, Novak is in contact with its partners, all the rest of some announcements we do not believe it is now possible," he added.