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Russian Energy Minister recently crossed the news wires, via Reuters, saying that it was important to prevent the oil market from overheating.

Key quotes

  • Vienna OPEC, non-OPEC declaration is still positive for the oil market.
  • Oil price is acceptable now.
  • It is important to prevent oil market overheating.
  • Confident OPEC, non-OPEC can come to an agreement on an acceptable rise in oil output.