ABU DHABI, United Arab Emirates
(AP) —
Russia
says it is open to a meeting with fellow major oil-producing nations to discuss production levels amid a plunge in global oil prices.
Foreign Minister Sergey Lavrov told reporters in the
United Arab Emirates
on Tuesday that
Moscow
is "open for other forms of cooperation, if there is general interest in holding a meeting between
OPEC members and producer countries."
Russia
is not a member of the
Organization of the Petroleum Exporting Countries.
Last month, the price of oil fell below $30 a barrel, causing the ruble to plunge to record lows.
Russia's
Energy Minister
Alexander Novak last week said there were efforts to convene talks among top exporters, though the Kremlin has said there are no concrete plans to cut oil output in coordination with
OPEC members.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer
Source: Equities.com News
(February 1, 2016 - 11:38 PM EST)
News by QuoteMedia
www.quotemedia.com