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Economy 1 min read Source: УРА-Информ

Saudi Arabia reported on the consent of the participants to extend the agreement on oil

Saudi Arabia reported on the consent of the participants to extend the agreement on oil
photo УРА-Информ

Such data became known from the Bloomberg rating.

As noted, in the first quarter of 2018, the corresponding restriction will help producers achieve their goal of reducing global reserves to a five-year average.

According to him, OPEC countries and other world producers, such as Russia, agreed to cut production in the first half of this year.

In this regard, this decision to extend the reduction will be made after their meeting in Vienna at the end of the month. By the way, to discuss the extension of the agreement on the freezing of OPEC oil production will be at the meeting of the organization in Vienna on May 25 this year.

Recall, as previously reported, "URA-Inform," China is far ahead of the US and became the largest importer of oil due to increased purchases of raw materials by independent oil refineries.

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