OPEC, etc. Aiming to raise crude oil price, close adjustment to reduce production April 10 12:23 on April 10
OPEC, an oil-exporting country organization led by Saudi Arabia, and oil-producing countries such as Russia have resumed talks with the aim of raising crude oil prices, and are working toward an agreement to reduce daily production by 10 million barrels. We are making adjustments.
OPEC member countries, such as Saudi Arabia in the Middle East, and non-member oil-producing countries, such as Russia, have entered into talks on Tuesday on coordinated production cutbacks, aiming at raising crude oil prices, to reduce production volumes in line with each other.
Global crude oil prices remained at historically low levels due to falling prices caused by the spread of the new coronavirus infection and last month's talks on collaborative production cuts among oil-producing countries, resulting in price competition. I am.
No official announcement was made regarding the content of the talks, but media in Europe and the United States have agreed that Saudi Arabia and Russia have reduced daily production by 10 million barrels, or 10% of global oil supply. I told you.
However, some countries have disagreed, and countries are working toward a final agreement.
In this regard, President Trump of the United States, the world's largest oil-producing nation, told reporters after talking on Sunday with President Putin of Russia and King Salman of Saudi Arabia, "I think they are approaching an agreement." Was.
The United States is urging countries to cut production, but since it has not participated in the talks, OPEC and others have a strong caution that the United States will lose market share if only the participating countries reduce production.
For this reason, Saudi Arabia and Russia are expected to seek cooperation from oil-producing countries that have not participated in the G20 = 20 energy ministers' meeting scheduled to be held on the 10th of Japan time.