Named the condition under which Russia would support a deal to reduce oil production

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2020-04-10 05:20:05

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Named the condition under which Russia would support a deal to reduce oil production
Name the condition under which Russia would support a deal to reduce oil production

Russia is ready to make a deal to reduce the level of oil production. This became known before the start of negotiations in the format of OPEC, which from 6 April was postponed to today, Thursday, April 9.

This is named the conditions under which Russia will go on reduction of volumes of oil production. The main condition – the simultaneous reduction of volumes of production of "black gold" in other countries, oil producing and oil exports.

In particular, a reduction is expected in the Ministry of energy should go all the OPEC countries, and major exporters such as Norway, USA, Mexico, etc.

We will Remind that for today the video call within OPEC+ will discuss the decline in oil production, including questions about the percentage of the reduction ready to take on each country to "stabilize the oil market."

If we talk about the oil prices before the upcoming conference, they stabilised around 32 to 34 dollars per barrel. We are talking about Brent crude oil. At the moment a barrel of oil of this brand is trading at just above 33 dollars.
For Russia in this respect it is important to find the right balance to income from oil exports after the decline was not lower than the income which are present at the current performance of prices and volumes.

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