Comments out the wires from Rosneft boss and former Russian deputy PM
- co-ordinated cuts by all producers by 1mln bpd would significantly help prices
- sees Iranian oil output rising to 5-6mln bpd by 2020-25
- Rosneft lifting costs have recently fallen to $2.7 per barrel from $4
- would make sense for oil price to rise to $100 before privatizing Rosneft
Ah ok, good luck with that one Igor.
Brent currently $31.06 after $31.35 highs. WTI $28.55 from $28.73
