OPEC wants to convince Russia to cut oil output by 300,000 bpd - Oil & Gas - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

OPEC wants to convince Russia to cut oil output by 300,000 bpd

MOSCOW, Dec 5 (PRIME) -- OPEC is making effort to convince Russia to reduce oil production by at least 300,000 barrels per day and is ready for a gradual cut, sources close to the negotiations told PRIME on Wednesday.

The sources also said the Moscow has not yet made a final decision.

On Tuesday, Reuters reported that OPEC and non-OPEC states may postpone a further reduction of oil production due to Russia’s resistance to a significant cut.

In November 2016, OPEC and non-OPEC states including Russia agreed to reduce their oil production to rebalance the market. In 2017, the deal was prolonged until the end of 2018. In June, the participants decided to raise the output by 1 million barrels of oil per day due to a favorable market environment.

End

05.12.2018 11:27
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 75.3814 -0.0076 18 dec
USD 66.6208 +0.1871 18 dec
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1113.44 -0.27 18:50 17 dec
micex 2359.13 -0.28 18:50 17 dec
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 153.53 -1.20 18:49 17 dec
lkoh 5100.00 0.00 18:49 17 dec
rosn 416.00 -0.48 18:47 17 dec
sber 182.30 -1.42 18:49 17 dec
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 75.4850 +0.4975 14:59 17 dec
USDTD 66.7250 +0.0250 17:44 17 dec