His country is ready to cooperate in this question with the Opec+ and the United States, said Putin on Friday. Russia is standing in direct contact with Saudi Arabia. To be also a cooperation with the United States, he is ready.
He faith, “that it is necessary to unite the efforts to balance the market and reduce the production,” Putin said according to a Kremlin-published Transcript of a conversation with his Minister of energy Alexander Novak. “According to preliminary estimates, I think that it is possible that there is a reduction of around ten million barrels per day,” stated Putin. “Maybe a little less, maybe a little more.”
oil demand in the world
Because of the Coronavirus pandemic, and the related massive limitations of the economy and public life, the global demand for oil has declined significantly. At the beginning of March, Russia had rejected in negotiations with the Opec cutbacks in Oil production to stabilize the prices. The major producer Saudi Arabia cut the price of Oil massively, and also announced to increase the flow rate.
On Friday it became known that Opec and your Partner want to advice on Monday in a video conference on the consequences of the crisis. Goal is the stabilization of the oil market, it said.
cross and cross-telephone conversations in Oil Poker?
Already on Thursday, US President Donald Trump in the short message was written service Twitter that he had spoken with the Saudi Arabian crown Prince Mohammed bin Salman, who had in turn spoken with Putin. Trump added: “I expect and hope that you (to Oil production) to 10 million barrels back.” The prices for the types of crude oil Brent and West Texas Intermediate shot up by more than 30 percent in the height.
However, denied the Kremlin immediately that Putin had spoken with the Saudi Arabian crown Prince. Such a conversation did not take place and is not currently planned, said Kremlin spokesman Dmitry Peskov. On Friday, Putin said that he had spoken about the amounts of Oil recently with Trump.
Union of sets in the survey, again, the SPD for the first time since about a year before the Green FOCUS Online/Wochit Union in the survey again to SPD for the first time in over a year prior to Green
pnh/AFP
