Tag: OPEC

Russia and Saudi Arabia agreed to a serious reduction of oil production, reports Reuters, citing a source in OPEC. Countries have managed to settle many issues, in the end the parties came to an agreement on production cuts.

Venezuelan President Nicolas Maduro spoke on the phone with the Secretary General of the Organization of countries-exporters of oil Mohammed Barkindo

OPEC members+ have agreed on a deal to reduce oil production. Its volume will be 10 million barrels per day. Another 5 million barrels per day promise to reduce the production of countries not participating in the agreement

Recently the Minister of Finance of his native country, Mr. Siluanov gave are things that I almost choked — and in the moment in a public place it could even be life-threatening. He said with a straight face that, first, "were the fat years", and secondly, that now "we need to begin to effectively develop the economy". What?

Russia and Saudi Arabia at the summit of OPEC countries+ held 9 April via videoconference, to discuss the possibility of reducing global production by 20%. This is with reference to its sources, reports Reuters. In turn, the Wall Street Journal (WSJ), relying on its own channels of information, said that the overall discussion on capacity reduction of 20 million barrels per day. Earlier, Russia offered to cut the appetites of only 10 million "barrels" of which promised to take a limit of 1.6 million barrels a day. "Black gold" until it feels very uncomfortable. Rising on the eve of negotiations to $35, then the rate falls to $33.