Photos: Moscow 24/Alexander Avilov
OPEC+ agreed on a new deal. This was stated by Minister of energy Alexander Novak. In the broadcast channel “Russia 24”, he said that the agreement will be valid until 1 may 2022.
the First two months of the reduction of oil production will amount to ten million barrels per day. In the second half of the reduction shall be eight million in 2021 – six.
Novak said that members of the Alliance can both extend and terminate the agreement, depending on the timing of market recovery, according to RIA Novosti.
the Minister added that Russian oil companies ready to cut oil production, the energy Ministry is in constant contact with their leaders.
the Ruble strengthened against the background of negotiations on OPEC+
the deal involves 23 States and the OPEC countries, States not members of the organization. At the same time Iran, Libya and Venezuela are exempt from the cuts because of political problems.
In March, Russia and Kazakhstan refused from the contract of OPEC+ in terms of reduction of production volumes. Because of this, in the oil industry there was a crisis.
as a result, this has led to a sharp decline in raw material prices and the consequent depreciation of the ruble against the dollar and the Euro.
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Expert predicts fill the global storage of crude oil through resazurin welcomed the agreement reached by OPEC+ agreement – Sands Story:the Fall in oil prices and the ruble exchange rate
