Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

OPEC + Countries are in Favor of Prolonging Oil Production Cuts
16.11.2020 23:21
OPEC + Countries are in Favor of Prolonging Oil Production Cuts
(Source: https://www.youtube.com/watch?v=zzQ-De8DdRs)

Today, November 16, a regular meeting of the OPEC + technical committee took place. According to Reuters sources, most of the organization's member countries support an extension of oil production cuts at current levels.

      Bloomberg sources clarified that at the meeting, the experts of the technical committee suggested that the ministers consider the possibility not to increase oil production from January 2021, but to postpone the increase by three to six months. Experts explain the extension of quotas by the very slow recovery of the industry from the consequences of the COVID-19 coronavirus pandemic. According to RIA Novosti's interlocutors, Russia is also ready to extend the existing restrictions. The existing agreement, which became the most ambitious in the history of the organization, provides for a reduction in production by 9.7 million barrels per second (b / d) in May-June, by 7.7 million in the second half of the year and 5.8 million b / d until the end of April 2022. Negotiations to ease the current restrictions are planned for December 1.

       




Author: Anna Dorozhkina

Tags: Russian oil Russia International    

Next Previous


You might also find interesting:

Foreign Students may be Allowed to Enter Russia
29.08.2020
The US Court Suspended the Consideration of the Claim of the Ex-Yukos Shareholders against Russia
29.11.2020
International Developers of COVID Passports Offer RDIF to Combine Systems
12.01.2021
Russia and Cyprus Signed a Protocol to Amend the Tax Agreement
15.09.2020
The US Supported the EU's Decision to Impose Sanctions against Russia in the "Navalny case"
19.10.2020



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share


TAGS:
Moscow Metro  Rock Music  Sayans  Moscow planetarium  Vladivostok  Sokolniki  Russian airlines  Awards  North Caucasus  Russian business  Exhibitions in Moscow  Coca-Cola  Russian Museum  Republic of Tatarstan  Old Ladoga  Roman Abramovich  Marina Tsvetaeva  St. Petersburg  hunting  Russian Cinema  Stavropol Territory  Mercedes-Benz Fashion Week Russia  Conservatory Ball  Air Transport   Sylvester Shchedrin  Russian arts  Russian satellites  ethnographical tourism  travel to Russia  Moscow  World New Year  Khanty-Mansi Autonomous Area  Novosibirsk  Russian children  Exhibitions in St. Petersburg  Mummy  Mikhail Prokhorov  Russian tourism  Victory Day  Festivals in Moscow  Anonymous hacker group  Lyudmila Gurchenko  Sayansk  Far Eastern Federal District  Moscow Kremlin   bus stops  Komi Republic  Russian regions  Korsakov   Russian legislation 


Travel Blogs
Top Traveling Sites