Russia and Saudi Arabia were able to eliminate the main obstacles to agreeing a new deal to reduce volumes of oil production. This was announced on Thursday, April 9, a senior source from the Russian environment Agency Reuters. This information was published on the website obozrevatel.com.
As it became known that OPEC+, and not included in the Alliance States to discuss reducing production by as much as 20 million barrels a day.
It was initially planned that the meeting of OPEC+ will take place on 6 April, but was delayed to 9 number. One of the reasons sources have called the dispute between Moscow and Riyadh responsible for the beginning of a price war. They shifted the blame on each other for the decline in the prices of raw materials more than 2 times on the background of a precipitous reduction in demand.
Meanwhile, the Russian President called for joint and coordinated action aimed at stabilization of the oil market.
However, it is reported that Saudi Arabia achieved concessions from Russia’s restriction of oil production, decided to keep pushing.
We will remind that the President of the United States Donald trump announced a new format of negotiations OPEC+. After talking with the crown Prince of Saudi Arabia Mohammed bin Salman, he said that the market may take 10-15 million barrels.