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Russia Awaits Positive Results From Oil Countries' Meeting

© REUTERS / Sergei KarpukhinPump jacks are seen at the Lukoil company owned Imilorskoye oil field, as the sun sets, outside the West Siberian city of Kogalym, Russia, January 25, 2016
Pump jacks are seen at the Lukoil company owned Imilorskoye oil field, as the sun sets, outside the West Siberian city of Kogalym, Russia, January 25, 2016 - Sputnik International
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Upcoming meeting among oil producing countries should bare fruiful results, Russian Deputy Energy Minister Kirill Molodtsov said Thursday.

MOSCOW (Sputnik) — Russia expects a positive outcome from an upcoming meeting among oil producing countries, Russian Deputy Energy Minister Kirill Molodtsov said Thursday.

"Positively," Molodtsov said on the margins of a global oil market conference when asked to assess the chances of the countries agreeing on a plan to limit production and prop up prices.

OPEC member states are expected to renew talks on a possible oil output freeze with non-member states at the September 26-28 International Energy Forum (IEF) in Algiers, Algeria.

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