The media talked about the extension of the deal between Russia and OPEC on production cuts

© RIA Novosti / Vitaly to Timepiece in fotosannette the machine-rocking. Archival photoThe media talked about the extension of the deal between Russia and OPEC on production cuts© RIA Novosti / Vitaly to Timepiece the image Bank

Russia and OPEC agreed to extend the transaction OPEC+ to the end of 2018, according to the Agency Bloomberg, citing sources.

«OPEC and Russia have agreed to extend their deals by reduction of oil production until the end of 2018, said sources involved in the discussions. The parties continue to discuss important details of the transaction», — stated in the message.

OPEC and several non-organisation countries (OPEC+) agreed in late 2016 in Vienna on the reduction of its oil production to total 1.8 million barrels per day from October levels, of which 300 thousand are in Russia. The agreement was concluded for the first half of 2017, and in may extended for another nine months — until the end of March 2018.

The question of further extension of the deal is scheduled to discuss on November 30 in Vienna at a meeting of all 24 countries participating in the agreement.

The media talked about the extension of the deal between Russia and OPEC on production cuts© RIA Novosti, Integratiebeleid in fotomonster and objectives of OPEC

 

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