del Pino Eulokhio, the head Ministry power industry of Bolivarian Republic of Venezuela, predicts growth of cost of barrel of oil by 10-15 dollars against the agreement on oil production.
last week OPEC agreed to freeze oil production and called the countries which are not entering into company, to join the adopted contract.
"The arrangement of the countries of OPEC will clean from the market about 700.000 barrels per day, and plus (getters) out of OPEC, is 1,2 million barrels per day" — the minister of oil informed del Pino Eulokhio on television. In total it will reduce the offer in the market by 1,2 million barrels that will bring it into full accord with demand.
the Minister of oil emphasized that active negotiations with Oman, Russian Federation, Azerbaidjan concerning production levels proceed now.
It is supposedthat the OPEC will lower production on 700 thousand barrels. "It would be the historical agreement which was never reached before" — the minister believes.
Brent Oil on Tuesday exceededin the price of $51 for barrel for the first time in one and a half months, continuing rally in the market inspired with plans of OPEC.
