Russian President Vladimir Putin, us President Donald trump and the king of Saudi Arabia Salman bin Abdul Aziz al Saud, during a telephone conversation discussed the situation in the oil market, informs a press-service of the President of the Russian Federation.
The leaders of the three countries, as emphasized In the leadership of the Russian Federation, expressed their willingness to coordinate action to stabilize the oil market and minimize the negative impact of price volatility.
before Donald trump said, had a "nice conversation" with Vladimir Putin and Saudi king on the situation in the oil market. He also said that OPEC members are close to conclusion of the contract.
before the wall Street Journal stated that all OPEC Countries had agreed to the terms of the new contract on reduction of oil production. According to sources, Last news , participants of the agreement intend to reduce production in the next two months on ten million barrels a day. While Moscow and Riyadh during this period will be required to produce not more than 8, 8 million barrels a day.
OPEC on March 6, couldn't come to a consensus either about the parameters of the Treaty on the reduction of oil production, nor of the extension of the contract. In the end, from 1 April was lifted limits on the creation of the States - participants of the former Commonwealth. This, along with the coronavirus pandemic, caused a collapse in the oil market.
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