Oil

Oil prices continue to show high volatility after the conclusion of the OPEC+ deal to reduce production

Experts believe that Russian companies will remain under pressure due to the fact that the expected recovery in oil prices still does not compensate for the decline in production

At the auction, oil reacted with restraint to an agreement to reduce production

Topical issues of ensuring strategic security were also considered

Japan Petroleum Association appreciates OPEC agreement

Alexander Novak reported that the new deal with 23 participating countries will be in effect until May 1, 2022.

According Dan Brouillette, it will decline by 2 million barrels per day, and reduction of 3 million barrels is also possible.

Mexican President Andres Manuel Lopez Obrador added that this decision was made together with US leader Donald Trump.

The space partnership of Russia with other countries should develop, despite the challenges, the president noted

Nigeria will reduce production to 1.412 million bpd from May to June

Futures price increased to $ 20.3 per barrel

Discussion will be held as part of the G20 negotiations

These difficult times require unparalleled flexibility and commitment,” Mohammad Sanusi Barkindo said.

The reduction may be at the level of 20 % of world production.

The Wall Street Journal writes that the US administration may raise import duties.