Russia is ready to reduce oil production in the new deal OPEC+ if it will go to the US and other countries
Russia agree to cut production as part of the transaction OPEC+ other oil producers by 14% from the first quarter of 2020, or 1.6 million barrels per day. This was reported in the Ministry of energy of Russia on the eve of today’s talks on new joint reduction in oil production. “Russia is ready to participate in its share of the total production of the countries participating in the agreement”, – told RIA “news” the representative of the Ministry.
according to RBC with reference to close to the Ministry source, Russia expects that by the new agreement, OPEC+ join state, which together produce 70 million barrels per day, and in particular the United States. Among other countries, which are expected to reduce mining – Mexico, Brazil, Norway, Canada.
Russia is ready to cut production in proportion to their share in the total production, and given the joint a decline of 10 million barrels. in the day, said the source of RBC and confirmed the representative of the Ministry of energy. According to a source publication, the United States also cut production in proportion to their share in the total production. Bloomberg wrote that Moscow also expects concessions from the us administration on other issues – probably for an easing of sanctions.
meanwhile US President Donald trump, who played for new negotiations between Russia and Saudi Arabia, said at a briefing in the White house that the United States is unlikely to agree to production cuts of oiland since us oil companies have already reduced production volumes “automatically”, focusing on the situation on the market.
trump hopes for a deal between Moscow and Riyadh following the meeting on 9 April, but in case if it is not enclosed, at the White house “there are many good options,” which, according to trump, like him, perhaps, “even more than the option with the transaction”.
According to The Wall Street Journal, the participation of representatives of the United States video conferencing OPEC+ is not planned, a trump to put pressure on Russia and Saudi Arabia may increase duties on the imported oil from these countries.