Russia during the new contract will reduce OPEC in may - June oil production by 2. 5 million barrels per day agreed upon 9, 7 million barrels, said the head of Ministry Alexander Novak. the Minister said that a base reduction for the Russian Federation was adopted level in eleven million barrels per day. As told Novak, the conclusion about the decrease in production is due to an overall decline in demand for petroleum products, which currently stands at about 20 %. "This situation has never happened before: 3 years ago, supply exceeded demand by 3 million barrels a day and currently at 20 million barrels due to lower demand. Because of this, it is important to combine the efforts not only of the countries first involved in the transaction, but in the 1st turn, other major manufacturers, as well as among them of the G20 countries, " - said the head of Ministry. the Minister said that he considered the two scenarios of market stabilization. "1-St is without coordination: due to the decrease in market prices and demand, the market itself would be balanced, but the price drop would be dramatic and shock - a month and a half all oil reservoirs would be filled. The second is a managed reduction with the load distribution that gives the opportunity to reduce peak demand more smoothly ". Today OPEC agreed on a new deal to reduce oil production. Mexico, where the dialogue dragged on for four days, agreed to reduce production by 100 thousand barrels. The remaining 300 thousand, As it was requested that members of the Commonwealth from Mexico city, to compensate the United States. After signing the contract, the presidents Vladimir Putin, Donald trump and the king of Saudi Arabia Salman bin Abdul-Aziz al Saud held a telephone dialogue, which positively considered a new contract. in addition, Russian and American leaders also held a separate conversation and exchanged views on the situation in the oil market. then trump Twitter thanked Putin and Salman for his contribution to the achievement of a new contract. <span style="color:darkgray