Thursday, September 19, 2019

OPEC for first time since 2008

OPEC for the first time since 2008, agreed on the amount of decline in oil production

Representatives of OPEC countries at the talks in Vienna agreed to reduce oil production by 1.2 million barrels per day - up to 32.5 million barrels.

About the agreement, which was achieved at the ministerial meeting of OPEC, Bloomberg and Reuters, citing informed sources.

As of 16:33 MSK Brent crude oil price was $ 50.02 per barrel, WTI crude oil - $ 48.50.

OPEC countries have managed to negotiate a reduction in oil production for the first time since 2008.

A preliminary agreement on the reduction of production was reached in late September in Algeria - then it was a question of reducing production to 33 million barrels of 32.5?. per day.



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