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LequteMan
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Nigeria's Minister of State for Petroleum Resources, Emmanuel Kachikwu, has expressed optimism that the price of crude oil will rise in the next few days.
“The minister for energy in Qatar and the president of OPEC is leading that pact and there is a lot of conversation going on and there’s a lot of consensus building on the issue of the freeze," he said recently.
“Saudi Arabia and Russia are aligned on the issue of a freeze, so I think the chances are very high.”
Kachikwu also said that a freeze in oil production will combat the low price of crude, noting that “the Saudi’s are quite frankly in the forefront of pushing the freeze issue.”
“I am certainly hoping for prices in the range of $45 to $50. I’m hoping a consensus can be built and that parties can begin to work together across the board, not just OPEC members, but also non-OPEC members,which is what the gulf states and most of us have pushed for. With that, you’ll begin to see movement upwards in those prices.”
“The minister for energy in Qatar and the president of OPEC is leading that pact and there is a lot of conversation going on and there’s a lot of consensus building on the issue of the freeze," he said recently.
“Saudi Arabia and Russia are aligned on the issue of a freeze, so I think the chances are very high.”
Kachikwu also said that a freeze in oil production will combat the low price of crude, noting that “the Saudi’s are quite frankly in the forefront of pushing the freeze issue.”
“I am certainly hoping for prices in the range of $45 to $50. I’m hoping a consensus can be built and that parties can begin to work together across the board, not just OPEC members, but also non-OPEC members,which is what the gulf states and most of us have pushed for. With that, you’ll begin to see movement upwards in those prices.”
