“We discussed the current situation on the market, as well as the decisions that were taken in the framework of the agreement OPEC+. Executives have confirmed and supported the parameters of the agreement. They also believe that it is necessary to take today and the next two months, radical measures for the balancing of the market”, – said the Minister (quoted by TASS).
how much will in reality reduce the production of oil traders, OPEC+
According to him, the total reduction of oil production by OPEC members+ and other oil-producing countries in may-June of this year may reach 20 million barrels per day.
Alexander Novak also noted that an important role in the successful conclusion of the transaction on the reduction of oil production played a part in the negotiations of the parties of the President of Russia Vladimir Putin.