Russia and OPEC began the most ambitious in the history of the reduction of oil production due to pandemic

#Russia #Syria #Turkey #Ukraine #Yemen

NATO countries OPEC+, collectively controlling about 40% of the world oil production may 1, will reduce it by almost 10 million b/d, to avoid a collapse in the oil market. The unprecedented volume limits – each country in the agreement, including Russia, during may-June, “sacrifice” about 20% of production. According to the respondents TASS experts, all participants of the transaction at this time will have to comply fully with the terms of the agreements, because in fact at stake is the question of survival.The pandemic has caused the strongest in the history of the decline of energy consumption in the ...

Russia and OPEC began the most ambitious in the history of the reduction of oil production due to pandemic

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