Source: Russia refused to increase oil production

The American publication reports that Russian oil companies have decided how they will act on April 1, based on their interests and the current market situation.

According to Bloomberg sources, Russian oil producers will not increase their production, despite the fact that OPEC + restrictive agreements expire.

At the same time TASSreferring to sources in the circles of traders, it informs that, unlike Russia, Saudi Arabia from today has already increased oil production to 12 million barrels per day.

The agency also recalled the words of the head of Tatneft Nail Maganov, who, following a meeting of oil workers at the Ministry of Energy, said that there was no increase in production in April economic expediency.

The reason for this, he called the pressure on the market for an overabundance of oil due to the influence of the coronavirus.

Meanwhile, the Saudis do not hide their intentions to increase the daily oil production by a third and increase it to 12,3 million barrels per day, and increase exports to 10,6 barrels per day, for which they are even ready to reorient supplies from their domestic market.

Judging by the desperate actions of Saudi Arabia, there is no reason to count on the imminent end of the "oil war" and stabilization of the situation on the "black gold" market.

Riyadh's despair is understandable: the princes really do not want to return to their origins - Bedouin tents and camels.
  • Photos used: Artur1917 /
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  1. Alexander Semenov (Alexander Semenov) April 1 2020 17: 04
    The bargaining has gone .... let's see what is at stake - in a month it will be clear.
  2. gorenina91 Offline gorenina91
    gorenina91 (Irina) April 1 2020 17: 36
    Source: Russia refused to increase oil production

    - Why should Russia refuse ??? - Russia needs the other way around ... sharply boost oil production ...
    - Personally, I have already written in the next topic "Why Russia fails to stop the US shale industry" that

    - Actually, Rosneft even has several options to solve all today's difficulties ... - but this is a completely different story ...

    - So ...- one of these options ...- this
    - Urgently to start packing Venezuela with Russian oil ...- the more ...- the better ...
    - Heavy Venezuelan oil - and so it should be diluted with lighter oil ... - So it is necessary to increase the supply of Russian oil to Venezuela ... - Then Russia will sell this oil spread to the Americans at its price ... - Americans are willing to buy this mixture ...
    - So it is necessary to bust the Americans with their shales and squeeze out Saud. Arabia from the oil market ...
    - And Russia does not need any "agreements on price and volume" with the Americans and a "stabilized price" for oil ... - Russia should set the oil price itself ... - Personally, I have already written about this ...
    - And our oligarchs only know how to stupidly steal ... - What’s Sechin ... they don’t move their brains at all ... - Our oligarchs are just used to taking foams (they warmed themselves at the side of the complaisant Russian people), and as specialists they are completely nonexistent. .. - solid mediocrity and thieves ...
    1. Alexander Semenov (Alexander Semenov) April 1 2020 18: 12
      The Arabs hoped that Russia would increase production ... but, alas, we lost, not even starting to sit down at the negotiating table.
  3. 123 Offline 123
    123 (123) April 1 2020 18: 37
    The American edition can tell any kind of fairy tales. After all, today is April 1.
    True, without going into small details, such as:

    At the beginning of this week, Saudi Arabia simultaneously filled 15 tankers with oil (a record number, according to Bloomberg) at a rate of 18.8 million b / d, Bloomberg writes with reference to other officials and Twitter Saudi Aramco.
    However, some of these tankers have nowhere to sail.: part of the ships of the updated "oil" fleet of Saudi Arabia is loaded with oil and leaves ports, without a destination. All this adds doubts as to whether this product can find the end customer.

    And you can write anything you like; paper can stand it. yes Goldman Sachs won generally believes that the United States has already won. repeat And why? Everything is simple ....

    The flexibility of the shale industry, probably, will play into the hands of manufacturers. They will be able to fill the market with oil as soon as demand for it [in the global market] begins to recover.

    That is, probably everything will be fine in the future, and this is undoubtedly a victory. belay In general, all from April 1 !!! drinks
  4. Igor Pavlovich Offline Igor Pavlovich
    Igor Pavlovich (Igor Pavlovich) April 2 2020 13: 39
    To the statement about "despair of Riyadh" - Belarus expects to receive 2 million tons of Russian oil in April at a price of about $ 4 per barrel.

    This was announced on Thursday, April 2, by Prime Minister Sergei Rumas, BelTA informs.
    "The head of state's tough and consistent directive to buy Russian oil without a premium. The result of this position is the price at which we will buy oil from the Russian Federation in April - about $ 4 per barrel," the Prime Minister said.
  5. kriten Offline kriten
    kriten (Vladimir) April 2 2020 15: 07
    The Kremlin was convinced that Sechin’s advice had led to almost catastrophic results. That Sechin, that Miller, sat up in their places, already see nothing but their pockets, into which money no longer fits. From all their plans, the country receives only losses. But not for them personally.