Time for all oil producers to go beyond the talk | GulfNews.com:
"In a market looking for clearer guidance, the major oil producers of the world are busy sending mixed signals, which are leaving crude prices in limbo.
The cost of a barrel of crude soared 7 per cent a week ago after Russian Energy Minister Alexander Novak said that Opec and non-Opec countries are considering a 5 per cent output cut across the board. Novak cautioned that it is too early to call anything concrete, but there seems to be a willingness to build a solid floor to support a price recovery.
That same day, a senior Gulf source told me that regional players are “willing to do anything to stabilise the markets” and added, rather surprisingly for those of us who cover the inner workings of Opec, “all options are on the table”.
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