The Russian authorities have all the reserves to minimize the negative effects of the fall in oil prices, said the press Secretary of the President Dmitry Peskov. "of course, if necessary those resources that are at hand, will be involved", he added. According to Peskov, the Russian leadership is closely monitoring the dynamics of the world prices for petroleum products, but actually quotes not collapsed as it was with the may futures, for this reason, there is no reason too negatively assess the situation. yesterday may futures of Texas crude oil of WTI for the first time in history plummeted by 300% to minus 37, $ 63 per barrel, because the sellers tried to give up the extra oil because of the occupancy of storage. In the night of Tuesday prices returned to positive values, But 10 am (GMT) fell below 4, 04 to the dollar. on the backdrop of the spread of coronavirus disease, which affects more than 2, 47 million people in the world, the vast majority of countries have introduced quarantine, closed the borders and restricted the movement of its Residents, and businesses stopped work. This fell the demand for petroleum products, and in March the member Countries of OPEC are unable to extend the consensus on the production and prices of petroleum products decreased more than twice during the period from January of this year. in recent weeks, the quotes were recovered in the beginning of a new OPEC meeting . Member countries of the organization for the results of the video conference April 12 agreed on production cuts of 9. 7 million barrels per day in may-June, 7, 7 million in the 2nd half and 5 of 8 next million - before the end of April 2022. However, according to the international energy Agency, the agreement OPEC is not able to compensate for falling demand in the world, but increases the probability of the cast to the beginning of the slump in the 2nd half of the year amid a surplus of raw material. <span style="color:darkgray