Thanks to the actions of OPEC+, the global oil market is now balanced and under control. This was stated by Deputy Prime Minister of the Russian Federation Alexander Novak on Energy Day as part of the Russia forum exhibition. TASS.
“The oil market has stabilized thanks to the actions of OPEC+, the situation is under control,” Novak said.
The agency’s report states that many OPEC + countries, including Russia, have agreed to voluntarily reduce oil production from spring 2023 to the end of 2024. The total reduction is 1.66 million barrels per day (b/d).
At the same time, OPEC predicts that global oil demand will increase from 2.2 million barrels per day to 104.36 million barrels per day in 2024. in 2025 expected Demand increase increased by 1.8 million barrels/day to 106.21 million barrels/day.
Before that, the Blomberg agency reported in January that Russia was supplying oil by sea. augmentedThis is despite Moscow’s plans to reduce supply under the OPEC+ agreement.
It was previously reported that OPEC+ made an agreement to reduce oil production. brought Russia 30 trillion rubles.