The Limited Times

Now you can see non-English news...

Oil-producing countries call for Saudi and Russian energy ministers to comply with reduced production agreements

2019-09-12T08:49:34.791Z

[Abu Dhabi 12th Reuters]-The energy ministers of both Saudi Arabia and Russia on the 12th, the Organization of Petroleum Exporting Countries (OPEC), and the Joint Ministerial Oversight Committee of “OPEC Plus” of oil-producing countries that are not OPEC members such as Russia (JMMC)


[Abu Dhabi 12th Reuters]-The energy ministers of both Saudi Arabia and Russia announced on October 12 the Organization for Petroleum Exporting Countries (OPEC) and the Joint Ministerial Monitoring Committee ("OPM Plus") of oil-producing countries that are not OPEC members such as Russia. In preparation, he called on all oil-producing countries to comply with the coordinated production reduction agreement.

Saudi Minister of Energy Abdul Aziz argues that all oil-producing countries should comply with reduced production, stabilize the market, and show unity of oil-producing countries.

Russia's Novak Energy Minister pointed out that the main goal of OPEC Plus is to maintain a perfect harmony of reduced production, and that the collaborative efforts of oil-producing countries will have a sustained and positive impact on the international crude oil market.

At the meeting on the 12th, the need to strengthen production cuts is considered.

OPEC and oil-producing countries such as Russia agreed in December last year to reduce production by 1.2 million barrels a day from 1 January this year. The reduction period is until March 2020.

Source: asahi

You may like

News/Politics 2019-09-09T11:34:33.329Z
News/Politics 2019-09-16T16:10:31.887Z

Trends 24h

News/Politics 2019-09-17T13:13:43.908Z
News/Politics 2019-09-17T10:43:43.702Z
News/Politics 2019-09-17T11:43:32.296Z

Latest

© Communities 2019 - Privacy