OPEC After the oil production of 9, 7 million barrels per day will reduce this amount to 7. 7 million in the 2nd half of 2020. About it reported in the communiqué of the Commonwealth the results of the conclusion of a new contract. Continue until the end of April 2022, the participants intend to cut production by 5, 8 million barrels per day. Base count the output reduction will be October 2018 For all countries except Russia and Saudi Arabia. Them decided to take as a base figure eleven million barrels per day. in addition, it is noted that the OPEC Countries in the early winter of 2021 will consider the possibility of extending his new contract. before the head of Ministry Alexander Novak said that the Russian Federation during a new OPEC agreement in may - June will reduce production by 2. 5 million barrels per day agreed upon 9, 7 million. OPEC yesterday agreed on a new deal to reduce oil production. For Mexico, the dialogue lasted for four days, in the end, the country agreed to reduce production by 100 thousand barrels. The remaining 300 thousand, as it was requested Commissioners Mexico city, to compensate the United States. After signing the contract, Vladimir Putin, Donald trump and king Salman bin Abdul-Aziz al Saud held a telephone dialogue, positive pricenew reached an agreement. Also, the Russian and American leaders held a private conversation, and exchanged views on the situation in the oil market. <span style="color:darkgray