Russia: We Don’t Expect Any Oil Price Rise After Doha

All eyes are on Doha this weekend where a meeting between OPEC and non-OPEC oil producers is being held to discuss freezing oil production output at current levels, but the finance minister of major oil exporter Russia poured cold water on any hopes for a deal.

“I want to say that we don’t expect any changes in the price in spite of the negotiations which are being conducted currently with oil-extracting nations,” he told CNBC on Thursday.

CNBC

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.