https://arabic.sputniknews.com/business/202003071044795828-%D8%A3%D8%B0%D8%B1%D8%A8%D9%8A%D8%AC%D8%A7%D9%86-%D9% 86% D8% A4% D9% 85% D9% 86-% D8% A8% D8% A7% D9% 84% D8% AD% D9% 81% D8% A7% D8% B8-% D8% B9% D9% 84% D9% 89-% D8% A3% D9% 87% D9% 85% D9% 8A% D8% A9-% D8% A3% D9% 88% D8% A8% D9% 83-% D9% 88% D8 % A7% D9% 84% D8% B9% D9% 88% D8% AF% D8% A9-% D9% 81% D9% 8A-% D8% A7% D9% 84% D9% 85% D8% B3% D8 % AA% D9% 82% D8% A8% D9% 84-% D8% A5% D9% 84% D9% 89-% D8% A7% D9% 84% D8% AD% D8% AF-% D9% 85% D9% 86-% D8% A7% D9% 84% D8% A5% D9% 86% D8% AA% D8% A7% D8% AC /
A spokesman for the Azerbaijani state oil company “SOCAR” Ibrahim Akhmadov said that the company believes in preserving the importance of the “OPEC +” agreement, and return in the future to reduce oil production according to the needs of the market.
Baku – Sputnik. Akhmetov said, in an interview with the agency “Sputnik”, published today, Saturday: “In general, I think that the” OPEC + formula “will remain appropriate, and in the future the question of joint quotas may be raised to reduce oil production according to market demand due to lower prices. .
This came after the Russian Energy Minister, Alexander Novak, announced that the OPEC + coalition canceled restrictions imposed on oil production due to the failure of the 24 countries to reach a consensus on the current market situation.
Representatives of “OPEC” and “OPEC +” were unable to agree on the timing of extending the current reduction, and the “OPEC +” negotiations ended without agreement, because Russia did not agree to an additional reduction in production.
And global oil prices fell sharply, this evening, by more than 8 percent, and Brent crude fell to its lowest level since July 11, 2017, in light of the news about the meeting of representatives of “OPEC +” countries.