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Commodities Briefing - Categorized | Oil, People, Price Watch more

Putin calls for single pricing of oil

Posted on 03 July 2013

Russia’s President Vladimir Putin has called for a single-pricing model for gas production. Speaking at the Gas Exporting Countries Forum (GECF), whose members represent 60% of the world’s gas reserves, he called for a commonly agreed price formation for gas, similar to the OPEC agreements on oil pricing.
Speaking at the GECG, which continues on Tuesday and which was also attended by Venezuelan President Nicolas Maduro and Iran’s leader Mahmoud Ahmadinejad, he said: “I believe that we need to go even further, cooperate even more closely and consolidate our efforts to effectively protect gas exporting countries’’ interests in order to strengthen the competitiveness of gas as a promising and clean fuel.”………………………………Full Article: Source


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