Tag: Saudi Arabia

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 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".

Deal within OPEC+, joined our country, the oil gave the market hope that the cost of "black gold" will go back to $40-45. The importance of the document was evaluated at the highest level: the presidents of Russia and USA Vladimir Putin and Donald trump in a telephone conversation discussed issues of stabilization of international prices for raw materials and agreed to continue the dialogue on this issue. It should be noted that for the second time during the day, the heads of state discussed the subject of oil. Last night on the situation on the market of "black gold" they talked with the participation of king of Saudi Arabia Salman bin Abdulaziz al Saud. This composition of participants of the negotiation process makes it clear that the transaction is a done deal. Now there is hope that the cost of "black gold" will go back to $40-45, which will save the Russian budget from another deficit.

Negotiators OPEC+ reduction of oil production has failed to put the final point in the agreement because of the position of Mexico. The Minister of energy this country Nele Rocio Garcia - the only one who refused the offer of quotas to reduce production to maintain the price of a barrel. In the result, it was decided to continue negotiations on Friday, April 10.