Oil prices rose on Friday morning ahead of Saturday’s meeting in Vienna between Opec and oil producers outside the oljeorganisationen.
Opecländerna have agreed to cut their production by 1.2 million barrels a day to 32.5 million barrels per day from January and expects producers outside of the organization decreases with the 600,000 barrels a day, of which half is for Russia.
Ahead of the meeting, a representative of the Russian government, according to Bloomberg News, that Russia will fulfil its pledge to reduce output by up to 300,000 barrels a day if Opec is living up to its agreement about the production curtailments. After opec’s oil production rose in november, sees Russia as a greater danger that the organization will not be able to live up to their commitments.
opec’s crude oil production rose to a record 34,16 million barrels per day in november, according to a tally by Bloomberg News, an increase from the revised 33,96 million barrels in October.
north sea oil Brent was quoted at less than 54 dollars a barrel on Friday morning, and WTI-oil is approximately 51:20 dollars.
Also on the basmetallmarknaden pointed prices up, while gold and silver were listed on the easy less.
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