the Total reduction of all 23 countries involved in the transaction will amount to 9.7 million barrels per day. The last obstacle to the execution of new agreements to reduce production of “black gold” was the position of Mexico, which did not agree with its quota of 0.4 million barrels per day, but at today’s meeting, this issue was resolved. As reported RIA Novosti citing a source, Mexico to cut production by 100 thousand barrels per day in the period from may – June of this year. About the future plans of Mexico by reduction of production is not known.
Peskov called beneficiaries of the agreements OPEC+
the brunt of the cuts within OPEC+ will take over Saudi Arabia and Russia are the biggest producers of “black gold” among the countries involved in the transaction.
Earlier, the head of the energy Ministry of Russia Alexander Novak said he expects further declines in oil production from countries not participating in the transaction to at least 5 million barrels per day, including from the US, 2-3 million barrels per day. Colleague of the Russian Minister from the United States Dan Browett last week said that production in the US has declined by 2 million barrels per day due to low oil prices and oversupply in the market. In addition, the U.S. will take part of the quota reduction of Mexico to 300 thousand barrels, which the country has agreed to implement.
