Moscow and Riyadh agree on oil without the USA

April 9 2020 38

Moscow and Riyadh were able to agree on a significant reduction in oil production. This was reported by Reuters, citing its source in OPEC.

According to the informant, Russia and Saudi Arabia have already settled the main contradictions and agreed on the parameters of a new deal. According to him, we are talking about reducing oil production by 10-20 million barrels per day.

It should be noted that on the evening of April 9, 2020, the energy ministers of OPEC + member countries began a closed meeting online. The videoconference is organized on a platform provided by the National Information Center of Saudi Arabia with the participation of OPEC IT specialists. The cartel and independent exporters want to agree on a reduction in the extraction of raw materials to stabilize prices on the world market.

Before this, Reuters reported that Riyadh is ready to reduce oil production by 4 million barrels per day, and Russia is ready to reduce oil production by 2 million barrels per day. What reductions other countries are ready to make, has not been specified. At the same time, the head of the US Department of Energy Dan Bruyett said that Washington is not going to take part in this deal, because by the end of 2020, oil production in the United States will be reduced by about 2 million barrels per day due to overcrowded storage and other reasons.

We remind you that from April 1, 2020, the OPEC + agreement is no longer valid and countries can produce as much oil as they want. However, the COVID-19 pandemic made adjustments to this process.

It should be added that before this, on April 8, 2020, US President Donald Trump announced at a briefing that Washington is unlikely to cut oil production, as there has already been an “automatic” decline in some production volumes.

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Observer2014

+2

April 9 2020 19: 59

Moscow and Riyadh agree on oil without the USA

Probably decided to leave the American shale companies alone?
steelmaker

-1

April 9 2020 20: 11

I say: "As long as Putin rules, the United States will prosper!"
1. Martial Artist
  
  +2
  
  April 9 2020 23: 50
  
  You-the Russian liberals, everything is wrong, not your way:
  - Russia has withdrawn from the agreement with OPEC + - you don’t like it,
  - now Russia has agreed with OPEC + - you also don’t like it ...
  What Putin has not yet put all Russian liberals (Jews) in the Madhouse or the Gulag, like Stalin ... that’s where you belong ...
2. Astronaut
  
  +3
  
  April 10 2020 00: 11
  
  It is not sad, but, unfortunately, you are right. On this occasion, an old joke is recalled:
  
  Information note from the FSB to Putin: "Lavrov has shaken too much at the US embassy."
  Putin calls Lavrov to the carpet and asks: “What are you talking about?”
  Lavrov: - Yes, Trump, an eccentric, said that they have a shaman in Alabama who revives the dead. And I told him - and we have an athlete who runs the plane ahead.
  Putin: - What if they demand to present an athlete?
  Lavrov: - Let the shaman present.
  Putin: - What if they present?
  Lavrov: - Present, so let Stalin revive.
  Putin: - What if it revives, then what?
  Lavrov: - Then, Vova, you will not only overtake the plane, but also the rocket!
3. NordUral
  
  0
  
  April 11 2020 11: 29
  
  Exactly, steelmaker! These will not calm down until we all rest.
Bakht

+3

April 9 2020 20: 23

No specifics.
Russia reduces production by 2 million barrels. Apparently, counting from production for the 1st quarter of 2020. This makes 11,3 - 2,0 = 9,3 million barrels
Saudis reduce production by 4 million barrels. Apparently, counting from production on April 1, 2020. This makes 12,8 - 4,0 = 8,8 million barrels.
Figures are approximate. If anyone has more precisely, I will be grateful.
How much other OPEC countries will reduce is still unknown. States will not reduce anything at all. In general, it looks like a return to the situation at the beginning of March, when the extension of the OPEC + deal failed.
Given the fact that the States were left overboard, this is a mutual defeat for Russia and KSA. The cost of 1 barrel is practically unchanged. There is little growth, but it is not significant. At the moment, Brent - $ 33,4; WTI - $ 25,2
1. Alexander Semenov
  
  -1
  
  April 9 2020 20: 57
  
  Most likely, the sanctions issue resolved ...
2. 123
  
  +1
  
  April 9 2020 23: 00
  
  States will not reduce anything at all.
  
  They reduce in fact. Tram simply can not afford to officially announce that he is involved in the transaction. It’s the same as going to the podium and saying Agent Donald completed the task.
  Let’s wait for the exact data before drawing conclusions.
  1. Martial Artist
    
    +2
    
    April 10 2020 00: 03
    
    Trump cannot say, since he is forbidden to conclude an agreement to reduce / increase American oil production under American laws.
3. Martial Artist
  
  +2
  
  April 10 2020 00: 00
  
  You do not read carefully:
  
  The head of the US Department of Energy, Dan Bruyett, said that Washington is not going to participate in this deal, because until the end of 2020, oil production in the United States will be reduced by about 2 million barrels per day due to overcrowded storage and other reasons.
  
  And if you read other reports, you would know that Trump said that the United States had already reduced the production of American oil from 13 million barrels by 2 million barrels, and by the end of this year they would reduce it to 6,6 million barrels per day due to market conditions.
4. Vladimir_ Voronov
  
  +2
  
  April 10 2020 09: 34
  
  There is another important point voiced by some media - the deal will be ratified if Mexico will participate in it, and it is silent ... This is such a strange deal.
  1. 123
    
    +1
    
    April 11 2020 15: 47
    
    There is another important point voiced by some media - the deal will be ratified if Mexico will participate in it, and it is silent ... This is such a strange deal.
    
    The fact of the matter is that he is not silent, but rather, chatting too much.
    
    “I spoke with President Trump, and we agreed to reduce production by 100 thousand barrels per day. The USA promised to further reduce production by 250 thousand barrels per day to help Mexico, ”Mr. Obrador said at a press conference.
    
    https://www.kommersant.ru/doc/4319974
    
    And the deal is really murky. Officially, no one signs anything, the "gentlemen's agreement" and the exact figures are in no hurry to announce.
5. reportuser
  
  0
  
  April 11 2020 18: 16
  
  It's early to talk about the States. April 14 will be the statements of regulators in Texas and Oklahoma, the main oil producing regions of the United States. There we will see whether they will reduce or not.
Bulanov

+1

April 9 2020 21: 35

If the economy in Russia is fully operational, then nothing will need to be reduced. By the way, it is better not to withdraw gold from the country. No time has come.
1. NordUral
  
  +1
  
  April 11 2020 11: 32
  
  Vladimir, what a strange you are. It’s good for someone to withdraw gold or leave in Russia. We cannot see the unity of opposites, nor the restoration of industry.
123

+2

April 9 2020 22: 16

We'll wait until tomorrow, otherwise these "informants" do not inspire confidence. What did he essentially say? Never mind. I voiced "Wishlist", the conversation was about the reduction of 10-20 million, that's what he is talking about. Who cuts how much - not a word.
shadow

-3

April 9 2020 22: 19

Well yes. Resource once also wrote that Russia was leaving the Chinese market, but it turned out that the Saudis left. And Putin starts building the Power of Siberia-2. So no one knows who is there and what agreed on, but everyone is already writing.
Sergey Latyshev

+3

April 9 2020 23: 33

Ha. Agreed.
Will the whole queues of experts writing about the "peremog", the ultimatum, "we bent everyone," "we blew it through," "and what they said over the hill" will calm down?
Never!
1. Bakht
  
  +1
  
  April 10 2020 07: 06
  
  What kind of “help” can there be in general during a crisis? While I see the defeat of the Saudis. Rollback to 4 million was not supposed by anyone. Russian 2 million is also not buzzing. But shale workers are not yet enthusiastic. Oil on the exchanges did not react yesterday. Prices remained unchanged.
  The only bright spot is the decision to start production. Yesterday, several European countries decided to quarantine. The second quarter will use the accumulated reserves. Therefore, the price will remain low. From the 3rd quarter, an increase in oil prices is possible.
  And further. For those who are sure that the "petrodollar" does not exist. The entire economy, indices, stock exchanges, ratings, everything revolves around the price of oil. Continue to argue that the "petrodollar" does not exist.
2. 123
  
  +1
  
  April 11 2020 12: 35
  
  Will the whole queues of experts writing about the "peremog", the ultimatum, "we bent everyone," "we blew it through," "and what they said over the hill" will calm down?
  Never!
  
  You are right. There are more and more questions, and fewer answers. They will talk about this for a long time.
Astronaut

+1

April 10 2020 00: 14

As always win the USA!
Marzhecki

0

April 10 2020 07: 23

Quote: 123
We'll wait until tomorrow, otherwise these "informants" do not inspire confidence. What did he essentially say? Never mind. I voiced "Wishlist", the conversation was about the reduction of 10-20 million, that's what he is talking about. Who cuts how much - not a word.

Well, Mr. Network Expert Analyst? What do you and your singers, lieutenant and others say now?
1. 123
  
  +2
  
  April 10 2020 12: 11
  
  Well, Mr. Network Expert Analyst? What do you and your singers, lieutenant and others say now?
  
  I will say that you and your singers, and others, are degrading at an accelerated pace. You quoted me yourself, in the article there is not a word of specificity
  
  the conversation was about a reduction of 10-20 million, that's what he says about them. Who cuts how much - not a word.
  
  On the basis of what you made a conclusion about the "payer" - it is not clear. We are still waiting for official information and only then draw conclusions. Until then, listen to what people say:
  
  PS By chance, aren't you a mysterious anonymous author who published this garbage analysis?
rotkiv04

+1

April 10 2020 08: 20

Haha, the one who hits first, again merged, at the beginning of March did not want to reduce by 1,5 billion, but in the end now he agreed to 2, well, it's just a chess player and a strategist.
1. 123
  
  +1
  
  April 10 2020 12: 20
  
  Haha, the one who hits first merged again, at the beginning of March did not want to reduce by 1,5 billion, but in the end now he agreed to 2, well, he’s a direct chess player and strategist.
  
  Excuse me for your curiosity, where did you get the data on the 2 billion reduction? Why not 200 dohrelions? I understand that arithmetic is not yours, but even if you consider that you cannot distinguish between a million and a billion. Where did they get the number 2?
  1. The comment was deleted.
    1. 123
      
      +1
      
      April 10 2020 14: 05
      
      Balabol, why? And who then are you?
      1. rotkiv04
        
        -1
        
        April 10 2020 17: 53
        
        You are definitely a balabol.
        
        123
        
        +2
        
        April 10 2020 18: 01
        
        Do you have words worth their weight in gold? Putin promised you something and did not keep his word?
Marzhecki

0

April 10 2020 09: 29

Quote: Warrior
You do not read carefully:

The head of the US Department of Energy, Dan Bruyett, said that Washington is not going to participate in this deal, because until the end of 2020, oil production in the United States will be reduced by about 2 million barrels per day due to overcrowded storage and other reasons ...

And if you read other reports, you would know that Trump said that the United States had already reduced American oil production from 13 million barrels by 2 million barrels and by the end of this year they would reduce it to 6,6 million barrels per day due to the conjuncture the market

You read, but see only what you want. The United States has so far reduced production by itself, but there will be no restrictions on its increase, when they consider it necessary, on Russia, they will.
1. 123
  
  +1
  
  April 10 2020 12: 14
  
  You read, but see only what you want. The United States has so far reduced production by itself, but there will be no restrictions on its increase, when they consider it necessary, on Russia, they will.
  
  This fully applies to you. Vision does not interfere. Do you know what the price of oil will be or the duration of the contract? Why do not they immediately increase production? What is in the way?
kriten

+1

April 10 2020 09: 39

Presented leadership in the US oil market - a brilliant strategic decision by Sechin and Putin ... Dance of strategists on a rake.
gorenina91

-4

April 10 2020 17: 42

Moscow and Riyadh agree on oil without the USA

- Personally, even before my "banning" I wrote ... that ... that - today there are all kinds of agreements between Russia and Saud. Arabia (even with the United States - even without the United States) on oil ... is a loss for Russia ...
- The very principle ... - "Leave, go away" speaks for itself ... - Russia left Opek +; slammed the door ... - and look for your happiness independently and independently ... - for this, Russia had trump points ... - They still have ... - Personally, I have already written about some of them:
- Russia today does not have "extra oil" ... - Everyone has extra oil (the Saudis, the United States, etc.) - and Russia does not have that ... - But Russia itself does not want (our oligarchs do not want ) ...- Rosneft does not want to ...- it needs to be presented on a silver platter and so that there is no risk, so that the Russian taxpayer (Rosneft) will pay for all the risks - "if something happens" ...
- Russia can ship all the "excess oil" to Venezuela today ... - it will always come in handy there ... to "rock" heavy Venezuelan oil with Russian oil ... -China would have done so long ago ... -Just bought it today cheap Russian oil and would send it to Venezuela .... - since Russia itself does not do it ... - But China today is very afraid of the United States ... - no matter what happens (and China supported the "oil sanctions" against Russia) ...
- Today, Russia is simply wasting its valuable time for nothing ... - And is missing its sure winning chance ...
- But - as soon as Saud. Arabia and the United States "oklematsya" a little .., then they will not forgive Russia this missed chance; China will not forgive ... - All of them will fall on Russia ... - there will be no "pity" here ...
1. rotkiv04
  
  0
  
  April 10 2020 18: 00
  
  So Russia (or rather, Putin) is also afraid of the USA, and the helmsmen of Russia are weak, they also work more and more with oars on galleys, but there is no time to think.
  1. 123
    
    +1
    
    April 10 2020 18: 04
    
    What, in your opinion, should a person not afraid of the USA do? Don’t share your wise plan? You surely have time to think things over calmly.
    1. rotkiv04
      
      0
      
      April 10 2020 18: 49
      
      321, but can you read? Or you, as a Chukchi, are only a writer, if you can, then re-read the post of Mrs. gorenina91 carefully at your leisure. And spare me your silly comments.
      1. 123
        
        +1
        
        April 10 2020 19: 07
        
        re-read at leisure carefully the post of Mrs. gorenina91
        
        I can’t promise you this, too toxic to the brain.
        
        Or are you as a Chukchi - only a writer
        
        In vain you are so about the Chukchi, consider yourself smarter?
  2. gorenina91
    
    -3
    
    April 10 2020 18: 20
    
    So Russia (or rather Putin) is also afraid of the United States, and the helmsmen of Russia are weak, they work more and more with oars on galleys, but there’s no time to think
    
    - Of course they are afraid ... - I personally speak about this ... - Therefore, Russia is missing its right chance ... - Today Russia has no problems with the price of oil ... - on the contrary ... - much more profitable today to fill Venezuela with "cheap oil" ... - after all, Russia will have to supply its oil to Venezuela and at a more expensive price ...
    - Russia today could generally ... - start buying oil at a completely bargain price from Saudi Arabia itself ... - after all, today Russia is not bound by any "oil obligations" under Opek + - and thus bring down the oil market ... - where it remained Saud. Arabia (and the United States) - there are no other competitors ... And Russia could even start supplying this Saudi oil to Venezuela ...
    - Today, Russia could quite realistically - legally make a revolution in the oil business ... - all the chances and trump cards are on hand ...
    - But very weak troechniks rule yesterday, yesterday’s small barges, which have remained at their former level ... - and they are completely unsuitable for a major world game ... - They simply cannot be seen ... - I was in Russia is 100 years old worthless weak prime minister ...- this is D.A. Medvedev ... - well, he was in plain sight and everyone knew ...- and everyone knew about him - how worthless he was ...
    - But the oligarchs are simply not visible ... - they are in the shade ... - but their abilities are approximately ... like ... like Medvedev's ... - And from here the legs grow ...
Bitter

+1

April 10 2020 22: 54

Moscow and Riyadh agreed on oil without the United States.

It can be understood that calculations for oil operations will now be carried out without the US and dollar?
Das ist fiction.