Photo: REUTERS In Vienna was made a key decision ws. oil production
Earlier on the reduction of export decided the countries of the OPEC cartel – their production, since January, must be less than one million two hundred thousand barrels a day. Now joined thirteen other countries, including Russia.
these States are expected to reduce production by 558 thousand barrels per day. The total reduction will amount to two percent of the world’s supply. As he said during a special conference in Vienna, Russian Minister of energy Alexander Novak, the agreement will accelerate the process of stabilization of the markets, decrease speculation and increase the attractiveness of investment in the oil industry around the world.
this is the first such global agreement oil producers from 15 years; according to some experts, this product may slightly rise, although it is not certain that the countries-exporters of oil will comply with Treaty provisions. The last time a barrel of oil cost about $ 50, more than twice less than three years ago.
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