Oil prices rose due to Saudi Arabia

Цены на нефть выросли из-за Саудовской Аравии

The Saudis have lowered oil production in January on a monthly basis to 401 thousand barrels per day.

World oil prices reference marks grow moderately on the statements of the Minister of energy of Saudi Arabia Khalid al-falikha on a low probability of changes in the terms of OPEC+ at the upcoming meeting in April. This according to the auction the morning of Thursday, 7 March.

For example, the may Brent crude on London exchange ICE Futures to 22:30 on Kiev went up by $0,93 (1,41%) – to $of 66.67 per barrel.

The price of futures for WTI for April on the electronic session on the new York Mercantile exchange (NYMEX) rose $0.77 (1.37 percent) to $56,84 per barrel.

Al-falih earlier on Monday said OPEC+ in April is unlikely to change the terms of the agreement on the limitation of oil production. If necessary, adjustments in the agreement will be made in June.

Investors also paid attention to the message of the Agency Bloombergсо a link to the sources, Saudi Arabia in April will put on the markets is considerably less oil than was requested by the customers, and production in the country will be “significantly below” 10 million barrels per day.

According to the February report of the OPEC, Saudi Arabia has reduced oil production in January on a monthly basis to 401 thousand barrels per day, to 10,243 million barrels per day.

Earlier it was reported that Russia increased its rate of decline in oil production, following its commitments to OPEC. Oil production declined by 0.4% on a monthly basis. By October of last year, production fell by 85 thousand barrels per day.