The head of the FUND explained the dynamics of oil prices on the background of the new deal OPEC+

Photos: Moscow 24/Anton Velikzhanin

the New deal OPEC+ will support the price of oil. The sharp growth should be expected. About it reports “Evening Moscow”.

According to the head of the Russian direct investment Fund (RDIF) Kirill Dmitriev, while we are talking only about stabilisation of the fuel market. Conclusion the new deal does not imply that oil prices will be “extremely high”.

the day Before, April 12, the deal is OPEC+ reduction of oil production were finalized. As announced by the oil Minister of Kuwait, Khaled al-Fadil may 1, production will be reduced by about 10 million barrels a day.

the document States that the receipt of fuel will be reduced in stages. In the first step, production will decrease by 400 thousand barrels per day, then to 320 and 240 thousand.

the Crisis in the oil market occurred in March. Then the OPEC deal+ to reduce oil production fell due to the failure of Russia and Kazakhstan to participate in the contract. As a result – the fall of the ruble against the dollar and the Euro and a sharp decline in oil prices.

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