Putin welcomed the agreement reached by OPEC+ agreement – Sands

Photo credit: TASS/Valery sharifulin

Press Secretary of the President of Russia Dmitry Peskov said that Vladimir Putin welcomed the deal, concluded during the negotiations in the format of OPEC+, RIA Novosti reports.

“was attended by 23 countries, and this document was the result of a compromise of 22 countries that have been able to agree on a model of reducing levels of oil production, which you already know well, with a condition precedent. This suspensive condition is associated with the position of Mexico,” – said Peskov.

it is Known that Mexico rejected the terms that were offered to her as a result of negotiations of the countries – participants of the OPEC format+. The head of the Ministry of energy of the country Rocio Nala noted that Mexico is ready to cut production at 100 thousand barrels per day in the next two months.

However, the OPEC countries+ were able to reach agreement with Mexico, which allowed to follow your reduction plan.

Peskov said that the Kremlin in connection with this transaction are considered valid.

“It was last night, 22 countries reached a compromise, and the question was only in the position of Mexico,” – said Peskov.

Prior to the meeting, Saudi Arabia said it was ready to cut oil production up to 4 million barrels per day since April, reaching its maximum for the production of black gold.

In Russia, however, agreed with the reduction of production at 1.6 million barrels per day from the level of the first quarter of 2020.

the Final agreement involves a three-step reduction to get the black gold until the end of April 2022. At each step of the member countries of the OPEC format+ agreed to cut production by 400, 320 and 240 thousand barrels per day, respectively.

see also

Expert predicts fill the global storage of crude oil through metathoracic, do not boil: as another talks on oil can affect the ruble