The US President Donald trump called on members of the Organization of countries-exporters of oil (OPEC) to withdraw from the transaction to reduce oil production to maintain low fuel prices. He said this in his Twitter.
“I hope OPEC will maintain its flows. The world does not need expensive oil, he does not want high prices!” — wrote the American leader.
Representatives of OPEC and Russia continue negotiations on the reduction of the level of oil production. Previously, the organization insisted that without Moscow the deal is. However, Agency sources Reutersутверждают that the parties began to come to an agreement. Russia and OPEC initially failed to agree on reductions of oil production. The organization’s representatives demanded from Moscow to cut production to 300-350 thousand barrels a day. However, Russia was ready to reduce production of only 140 to 150 thousand barrels.
The OPEC meeting itself should take place in Thursday, December 6 in Vienna. The final decision on production cuts should be made on Friday, 7 December, when OPEC will meet with representatives of Russia. The leaders of the discourse of reduction of production are Russia and Saudi Arabia, which are interested in reduction to support oil prices.
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