Russia wants international talks to review oil pricing system

GORKI, March 12 (RIA Novosti) - Russia intends to invite OPEC countries and leading petroleum product producers to a conference in Moscow towards the end of this year, to discuss a new system for oil pricing, a deputy prime minister said Thursday.

Igor Sechin, who chairs state oil company Rosneft, told President Dmitry Medvedev that the differentials that price Russian oil brands below Brent and WTI need to be reviewed.