OPEC + countries can agree to reduce results in June this year if the oil price is greater than $ 70 a barrel, according to experts nominated by TASS.
The black gold phrases were reduced to 50-60 seconds with a barrel of gold, or the fruit may go up. The only question is how much can prices fall if the crop rises in the United States.
Russia's Energy Minister, Alexander Novak, announced at the beginning of the week that the OPEC's return to June would have been recouped after June if there is demand worldwide. Russia's President Vladimir Putin, describing the situation on the oil market, noted that Moscow is not supporting the uncontrolled rise in prices. "We are fully satisfied with the current prices," said Putin.
Brent oil prices, which make up the European market, were in early April higher than the threshold of $ 71 in a barrel for the first time since November 2018, when a market downturn has resulted. The US sanctions against Iran. According to experts from the International Energy Group (IEA), in this week's publication of their monthly report, price rises above this threshold are uncomfortable for slow growing users. T economic activity.
In its April report, the EMI set its target to grow the oil demand in 2019 by 1.4 million barrels per day without changes. Black gold exchanges in the OECD countries in February were 16 million barrels above the five-year average.
The level of growth in oil supply from outside the OPEC will accelerate in 2019 and will decrease with over a million barrels per day to 1.7 million barrels, according to the April IEA report.
The removal of countries outside the oil charter in the second half of 2018 was an amazing speed of 3.4 million barrels per day. But in the first quarter of the year it reduced to 2.4 million barrels, and 92 per cent was an increase in US mining after the US factory last year had an increase of 80 per cent of the increase.
For this year, the EMI expects to increase by 1.6 million barrels per day in the USA as 1.6 million barrels per day, with 0.4 of oil resulting in 0.4 million barrels.