Oil

Saudi Aramco will reduce production by 1 million barrels per day, in addition to the volume previously envisaged by the OPEC+

The corresponding order of the Ministry of Energy of Saudi Arabia was sent to Saudi Aramco

The oil company, due to deteriorating pricing conditions, has initiated negotiations to reduce the initial payment of a total of $ 69.1 billion

In April, Belarusian refineries received 2 million tons of oil, of which 1.56 million tons were supplies from Russia

Prices increased for all markets, including Asia, USA and Europe

The executive financial director of the German concern Sasha Biebert said that the company believes in the completion of the project

The ministry emphasized that the market will force production to decrease

On the eve of May 5, the cost of Brent exceeded $ 30 for the first time since April 15

The last time when it was above this mark was April 14.

The Bundestag also promised to continue to provide political support to the companies participating in the project

Deal to reduce production will give Russia advantages in the form of reserve capacities, which will strengthen the country's position in the negotiations in the future

OPEC+ countries at an emergency video conference on April 12 were able to conclude an agreement to reduce oil production

The restriction applies to fields classified as medium, large and giant

The restriction applies to fields classified as medium, large and giant