OPEC + allows Russia to increase oil production, sources said



The OPEC + countries reached an agreement on the terms of the deal for February and March: Russia and Kazakhstan in each of these months will be able to increase oil production by 75 thousand barrels per day, while Saudi Arabia will announce an additional reduction, and the rest of the countries will keep their production in the current volume, two sources in the alliance delegations told RIA Novosti.

“An agreement has been reached. The current parameters of the deal will be retained in February and March for everyone except Russia and Kazakhstan,” said one of the agency’s interlocutors.

Moscow and Riyadh reach a compromise on oil

He noted that Russia will increase oil production by 65 thousand barrels per day in February, and then by the same amount in March, and Kazakhstan – by 10 thousand barrels per day in each of these months.

The second source confirmed this information to RIA Novosti.

“Saudi Arabia will announce an additional cut, the details will be announced at a press conference expected soon,” he added.

Video of the day. Experts talked about the rise in prices for goods and services

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The OPEC + countries reached an agreement on the terms of the deal for February and March: Russia and Kazakhstan in each of these months will be able to increase oil production by 75 thousand barrels per day, while Saudi Arabia will announce an additional reduction, and the rest of the countries will keep their production in the current volume, two sources in the alliance delegations told RIA Novosti.

“An agreement has been reached. The current parameters of the deal will be retained in February and March for everyone except Russia and Kazakhstan,” said one of the agency’s interlocutors.

Moscow and Riyadh reach a compromise on oil

He noted that Russia will increase oil production by 65 thousand barrels per day in February, and then by the same amount in March, and Kazakhstan – by 10 thousand barrels per day in each of these months.

The second source confirmed this information to RIA Novosti.

“Saudi Arabia will announce an additional cut, the details will be announced at a press conference expected soon,” he added.

Video of the day. Experts talked about the rise in prices for goods and services

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The OPEC + countries reached an agreement on the terms of the deal for February and March: Russia and Kazakhstan in each of these months will be able to increase oil production by 75 thousand barrels per day, while Saudi Arabia will announce an additional reduction, and the rest of the countries will keep their production in the current volume, two sources in the alliance delegations told RIA Novosti.

“An agreement has been reached. The current parameters of the deal will be retained in February and March for everyone except Russia and Kazakhstan,” said one of the agency’s interlocutors.

Moscow and Riyadh reach a compromise on oil

He noted that Russia will increase oil production by 65 thousand barrels per day in February, and then by the same amount in March, and Kazakhstan – by 10 thousand barrels per day in each of these months.

The second source confirmed this information to RIA Novosti.

“Saudi Arabia will announce an additional cut, the details will be announced at a press conference expected soon,” he added.

Video of the day. Experts talked about the rise in prices for goods and services




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