OPEC countries and oil exporters outside the cartel may agree to freeze the level of oil in the International energy forum in Algeria in September of this year, according to Bloomberg.

According to experts of the American Bank Goldman Sachs, itself freeze of production is likely to be counterproductive for the organization if will lead to further growth and increased supply from other countries.

Saudi Arabia and Iran are still interested in maintaining market share and will not agree to support the agreement on freezing. “Freezing is doomed to failure, if not will support oil prices in the future,” the Bank said.

According to experts, the resumption of relations between the parties to the conflict in the field of production, it would be more urgent to restore the balance of oil, than freeze from OPEC, which will continue to manufacture at record levels.




Oil countries can agree to freeze production in September 23.08.2016

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