The price of the June futures contracts for the benchmark North Sea Brent oil rose above $84 per barrel. In this respect to witness London ICE data.
At 7:35 a.m. (Moscow time), a barrel of Brent c for June delivery is trading at $84,140.
The cost of Texas WTI crude oil futures for May delivery also rose to $79.73 per barrel.
The previous day, the press service of the Saudi Arabian state agency SPA reportedHe said the kingdom will voluntarily reduce oil production by 500,000 barrels per day from May until the end of 2023.
Suhail bin Mohammed Al Mazrui, Minister of Energy and Infrastructure of the United Arab Emirates (UAE). declaration voluntary reduction of oil production by 144,000 barrels per day by the end of the year.
On April 2, Russian Deputy Prime Minister Alexander Novak announced that the voluntary cut in oil production has been extended by 500,000 barrels from the average production in February to the end of 2023.
As Reuters wrote, the decision to voluntarily reduce oil production by the end of 2023 was made by Kuwait, Oman and Iraq.