There is consensus in OPEC to hold steady pumping: Kuwait

There is general consensus among OPEC members to leave unchanged the oil production when they meet this week in Vienna, said on Monday Kuwait's oil minister.

The Organization of Petroleum Exporting Countries (OPEC) meets on Wednesday to decide on production policy.

"There is a general consensus to not make more cuts," said the minister, Sheikh Ahmad al-Abdullah al-Sabah.

Kuwait and other Arab Gulf states producers within OPEC press for better compliance in the production goals for the meeting, he said.

"Kuwait and the Arab Gulf States (GCC as its English acronym) will push for greater compliance," said the sheikh.

The enforcement of discipline has fallen from highs of 80 percent to less than 70 percent since crude oil prices rebounded from lows of $ 32.40 in December to $ 75 in August this year.

The minister added that the oil price forecast for the year would be between $ 60 and $ 75

Ssince the crisis broke banks withdrew from toxic assets amounting to one trillion dollars

Russian Finance Minister Alexei Kudrin said today that since the crisis broke banks withdrew from toxic assets amounting to one trillion dollars, while the International Monetary Fund estimated $ 1.5 trillion in assets such remain in credit institutions.

"The withdrawal (of toxic assets) is an unusual phenomenon for the world economy, but according to IMF data, banks still have $ 1.5 trillion in toxic assets," Kudrin told the Russian television channel Vesti.

The minister indicated that the acute phase of the crisis was not allowed to detect all the toxic assets that is still uncertainty around the bank.

So countries should reserve the budgetary resources to support credit institutions "to avoid a second wave of the banking crisis.

"Russia, in its program for next year, also plans to allocate resources where necessary for the purposes of the capitalization of the banking system," Kudrin said.

The Central Bank of Russia estimated at 900 billion dollars (approximately 28 billion dollars at current exchange rates) of toxic assets in banking in the country.