oil Production will be reduced to 20 million barrels per day – these are the terms of the agreement. It should affect the situation with oil in the global energy market.
Earlier it was reported that Saudi Arabia is ready to reduce oil production up to 4 million barrels per day, Russia is only 2 million barrels.
Today, OPEC Ministers+ hold a conference call on oil. It is expected that after this news the price of oil will rise.
Read the material: the head of the RDIF has confirmed the agreement of Russia and Saudi Arabia on oil