Russian Deputy Foreign Minister Alexander Pankin said that OPEC’s decision to cut oil production could be considered a step against limiting Russian oil prices. Transmits words DEA News.
“You can think of OPEC’s old-new move to cut oil production as a precaution against a price peak in Russian oil,” the diplomat said.
April 3 OPEC+ Ministerial Monitoring Committee (JMMC) approved It was noted that the current terms of the agreement and an additional cut in the production of a number of alliance countries, including Russia, by the end of 2023 will be 1.66 million barrels per day. The combination of all OPEC+ measures means a 3.66 million bpd cut in production, 3.7% of global demand.
Former Ambassador of the Ministry of Foreign Affairs of Russia Yuri Sentyurin declaration about a possible crisis in the global energy sector due to irresponsible politicized decisions, including price ceilings.