The US President said today that the crown Prince of Saudi Arabia and the Russian President agreed to reduce oil production by 15 million barrels per day
World oil prices went up sharply after us President Donald trump announced that Russia and Saudi Arabia are going to sharply reduce production volumes.
On the London stock exchange, Brent crude futures rose by 46.7% and reached the level of 36.29 dollars per barrel, according to TASS. By the end of trading, there was some correction, as a result of which the price fell to $29.91 per barrel, but even this level means an increase in the price by 20.9%, experts say.
Earlier, the President of the United States Donald trump wrote in his Twitter said it spoke to crown Prince of Saudi Arabia Mohammed bin Salman bin Abdulaziz al Saud, and he told him about the talks with Russian President Vladimir Putin. During this conversation, according to trump, the parties expressed hope for a reduction in production by about 10 million barrels per day. Later, trump published a tweet clarifying that the reduction will be 15 million barrels per day.
Bloomberg also reported that Saudi Arabia wants to call an emergency meeting of OPEC, which will discuss a new agreement to limit production.