Russia was not the initiator of the termination of the previous agreement OPEC+, reminded the representative of the Kremlin. “They failed to agree terms for the continuation of the regime of reduction of oil production”, – he said.
“Even before there were aggravating the consequences of a pandemic, the consumption of oil in the world began to decline. The demand for oil, respectively, also fell. And at some point due to the spread of coronavirus, this demand collapsed. Stopped flying the aircraft, ceased for a time to operate the world’s largest economy – China, then got up European, American enterprise…”, – noticed Sands.
And the agreement of Russia with Saudi Arabia and other oil-producing countries about the new decline in production was a total victory, I’m sure Sands. “Because it is in the interests of all countries and of those who produce oil and those who consume it, it may seem strange,” he concluded.
