OPEC Ministers decided to maintain current production levels for another month, informed the Ministry of oil of Iraq.

so, in July, will act the same characteristics as in may and June, a decline of production will be 9, 7 million barrels per day.

The organization has decided that the country that is short of fulfilling its commitments to reduction of oil production (most importantly Iraq, Nigeria and Kazakhstan), compensate for the lag in July-September, told Last news source in the OPEC. The monitoring Committee of the OPEC will meet on a monthly basis until December, he added.

at this meeting, the energy Ministers of the OPEC countries discussed in the video conference the first results of the OPEC agreement , Its execution and fate. Later there will be a meeting of OPEC Ministers .

the contract, which the OPEC countries concluded in April, involved a decrease in the production of 9, 7 million barrels per day in may and June. From July until the end of the year it had to be 7, 7 million barrels, as of January 2021 and until the end of April 2022-St - 5, 8 million.

The previous deal fell apart OPEC in March. The participants are unable to come to a common opinion nor the extension of the Treaty on the reduction of oil production, as proposed by Russia or to change its settings, as urged by Saudi Arabia. Against this background, and also due to a significant reduction in fuel demand worldwide in a pandemic coronavirus price of oil has fallen by more than 2 times, and then continuously updated multi-year lows.

over the past period of time, the situation on the oil market stabilized somewhat, and the current week prices for the first time Since the beginning of March exceeded $ 40 per barrel.



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sections: Politics