Arábia Saudita e Rússia encerraram guerra de preços do petróleo e Opep cortará produção global de 10 milhões de barris dia

Saudi Arabia and Russia End Oil Price War, OPEC to Cut Global Production by 10 Million Barrels Per Day

Written by Flavia Marinho

Published on 09/04/2020 at 17:39

Updated on 09/04/2020 at 18:06

Arábia Saudita e Rússia encerraram guerra de preços do petróleo e Opep cortará produção de petróleo

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After the crisis and pandemic generated an emergency meeting on Thursday, from Opec+ to discuss cuts in global oil production, the price war between Saudi Arabia and Russia has finally come to an end! The countries agreed to reduce oil production along with other members of the Opec+ coalition, in an effort to spare the market from a collapse caused by the coronavirus pandemic.

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The Opec (Organization of the Petroleum Exporting Countries) and its allies, gathered in videoconference, agreed to reduce production by about 10 million barrels per day in May and June, delegates sent to the meeting said, requesting not to be identified before an official statement.

Saudi Arabia and Russia, the largest oil producers in the group, will reduce production to about 8.5 million per day, with all members agreeing to cut supply by 23%, a delegate said.

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Saudi Arabia and Russia End Oil Price War, OPEC to Cut Global Production by 10 Million Barrels Per Day

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Libya built over 4,000 kilometers of underground pipelines to bring water from the Sahara to coastal cities in a project that the government itself called the Eighth Wonder of the World.

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