Tag: the Consequences of the collapse of oil prices: the situation in the markets

According to the expert "RG", yet reasons for optimism that economic activity in the world will recover quickly. April will be the worst month for the ruble. But everything can change at the end of the second quarter

The ruble exchange rate from 6 to 10 April showed a record for the last two years strengthening. This became possible due to rising oil prices. Expert "RG" explained how developments in the foreign exchange market will develop further

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

The call on OPEC+ postponed to April 9 due to technical reasons, said the press Secretary of the President Dmitry Peskov. "Training is conducted", - said the representative of the Kremlin

The discussion deals with the OPEC+ will become one of the Central themes of all news agencies. Expert "RG" does not exclude that the ruble may start a new attempt to adjust to the protracted wave attenuation

Russia is ready to join efforts with other countries to cut oil production about 10 million barrels a day, said Vladimir Putin. "Of course, all of this should occur in a partner," the President added

A combination of "quarantine shock" and falling oil revenues could become a serious test for the economy, analysts says. However, if the government, with the participation of the Central Bank will carry out the planned programme of business support, the magnitude of the crisis can be significantly less

The dollar for the first time in two weeks in the early hours of the month fell below 77 rubles, and euros - less than 83. In April the foreign exchange market will depend on the negotiations on the reduction of oil production and the rate decision of the Central Bank

The situation in the oil market can be associated with attempts of Saudi Arabia "to get rid of competitors that produce "shale oil". But such goals never set, said President Vladimir Putin. In his opinion, all parties are interested in joint concerted action

To restore stability in the industry need to make a decision on coordinated action to reduce oil production. This was stated by Minister of energy Alexander Novak, noting that April 6 will be held online-meeting OPEC Ministers+