Tag: OPEC

The epidemic of the coronavirus, some countries even helps to solve their local problems. So, the consumption of energy in the world greatly reduced, hence the lower market value.

In a press-service of the Kremlin said the talks between Russian President Vladimir Putin with the American leader Donald trump and the king of Saudi Arabia Salman bin Abdulaziz al Saud on the situation on the world oil market. The talks were held in a telephone format.

The deal Russia and Saudi Arabia within OPEC+ reduction of oil production will cause a heavy blow to the Russian economy. This was stated by well-known economic analyst Mikhail Krutikhin, specializing in the oil and gas market.

The Ministry of Finance announced the completion of the transaction to repurchase from the Central Bank controlling stake in Sberbank. The government paid for 52.3% of the shares of 2.14 trillion rubles, which is 300 billion less than previously planned amount. The Finance Ministry transferred all the money at once and not in several tranches, as originally intended. Such haste is explained by the fact that the government desperately needs money for anti-crisis measures. Now it is time for the Central Bank: the regulator needs to transfer a large part of the amount back to the Treasury. Understand in detail dokhtarironi castling.

The main intrigue of the world petroleum negotiations is whether countries involved in the new deal OPEC+, to persuade Mexico to accept the General conditions – lasted less than a day. Initially, Mexico refused to cut production by 400 thousand barrels per day. The next day the figure changed to 350 thousand, and the country was agree that 250 thousand of them took over the United States. Now the final approval of the transaction is expected in the evening of 10 April. In the conference of energy Ministers of "big twenty".