MOSCOW, 12 APR – RIA Novosti. Venezuelan President Nicolas Maduro said that he had held a telephone conversation with Secretary General of OPEC, Mohammed Barkindo, which said the “historic agreement”, which failed to reach the OPEC+.
Earlier it was reported that the Alliance OPEC+ after a month break, had agreed upon a new agreement to reduce oil production to balance the oil market in the context of pandemic coronavirus. It will operate for two years beginning may 1. It reduced the total production of 23 countries of the Alliance at 10 million barrels per day from October 2018 in may-June, 8 million in the second half of the year and then to 6 million.
