Crise e pandemia gera reunião de emergência da Opep+ para discutir corte na produção global de petróleo

Crisis And Pandemic Prompt Emergency OPEC+ Meeting To Discuss Global Oil Production Cuts

Written by Flavia Marinho

Published on 09/04/2020 at 14:31

Updated on 09/04/2020 at 15:02

Crise e pandemia gera reunião de emergência da Opep+ para discutir corte na produção global de petróleo

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As a way to combat the effects of the coronavirus, which has greatly affected oil demand, an emergency meeting of OPEC+ is scheduled for this afternoon (9), bringing together OPEC (Organization of the Petroleum Exporting Countries), led by Saudi Arabia, and other producing nations, including Russia and Brazil. Petrobras Will Cut Gas Purchases from Enauta and PetroRio in the Manati Field, Bahia.

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Former allies, the Saudis and Russians broke their partnership in early March when Riyadh proposed a global oil production cut to stabilize prices amid the decline in demand caused by the pandemic. The proposal was rejected by Moscow. In response, the Saudis increased production and began selling their oil at a discount, further driving down global prices.

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G-20 – Discussion on Oil Price Shock

Another meeting is scheduled for Friday, this time under the G-20 framework, also to discuss the price shock. The Minister of Mines and Energy confirmed his presence at the meeting with representatives from G-20 countries G-20 and has been in contact with authorities from Saudi Arabia and the United States.

Members of the international oil cartel have communicated to Brazilian authorities that any final agreement on how much OPEC and its allies will cut will substantially depend on how much Brazil, the United States, and Canada are willing to contribute.

The Brazilian minister spoke on Sunday with his Saudi counterpart, Prince Abdulaziz bin Salman Al Saud. According to the ministry, the prince asked if Brazil would “be inclined to join the international coordination effort in seeking mechanisms that contribute to the stabilization of the international oil market.”

There is no forecast for when the coronavirus pandemic will stabilize. The estimate is that, due to the spread of the virus, global demand for oil may decrease by up to 25 million barrels per day, which corresponds to a quarter of consumption in normal times.

Crisis And Pandemic Prompt Emergency OPEC+ Meeting To Discuss Global Oil Production Cuts

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G-20 – Discussion on Oil Price Shock

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Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

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Greek island offers free housing for volunteers, but there’s a condition: you need to take care of rescued cats.

Bank of Japan raises interest rates to 1%, reaching the highest level in over three decades

Researchers present a hydrogen ion battery capable of storing energy in two different forms, an innovative solution that promises to increase the autonomy of renewable systems and simplify energy transportation.

Researchers present a hydrogen ion battery capable of storing energy in two different forms, an innovative solution that promises to increase the autonomy of renewable systems and simplify energy transport.

Researchers present a hydrogen ion battery capable of storing energy in two different forms, an innovative solution that promises to increase the autonomy of renewable systems and simplify energy transport.

Researchers present a hydrogen ion battery capable of storing energy in two different forms, an innovative solution that promises to increase the autonomy of renewable systems and simplify energy transport.

Crisis And Pandemic Prompt Emergency OPEC+ Meeting To Discuss Global Oil Production Cuts

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G-20 – Discussion on Oil Price Shock

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

Workers were opening a new road connection near the Marginal Tietê when they found, in the underground of the construction site, remnants of locomotives, wagons, and boilers from the 19th century linked to the forgotten history of Lapa.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

The river that “dies” in the desert never reaches the sea and yet gives life to one of Africa’s largest natural refuges in a truly impressive way.

Greek island offers free housing for volunteers, but there’s a condition: you need to take care of rescued cats.

Bank of Japan raises interest rates to 1%, reaching the highest level in over three decades

ANP halts LPG reform, and Sindigás sees technical caution as a decisive point for safety, investments, and the future of the cylinder in Brazil.

Oil spill in the Caribbean raises environmental alert and increases tension between Venezuela and Trinidad and Tobago

More than 40 Petrobras platforms enter the decommissioning queue and open up a billion-dollar industry in Brazil for cranes, special ships, underwater cutting, and offshore recycling.

ANP schedules oil auctions in October and reinforces regulatory predictability for concessions, sharing, and investments in the oil and gas sector

Bank of Japan raises interest rates to 1%, reaching the highest level in over three decades

Researchers present a hydrogen ion battery capable of storing energy in two different forms, an innovative solution that promises to increase the autonomy of renewable systems and simplify energy transportation.

Researchers present a hydrogen ion battery capable of storing energy in two different forms, an innovative solution that promises to increase the autonomy of renewable systems and simplify energy transport.

Researchers present a hydrogen ion battery capable of storing energy in two different forms, an innovative solution that promises to increase the autonomy of renewable systems and simplify energy transport.

Researchers present a hydrogen ion battery capable of storing energy in two different forms, an innovative solution that promises to increase the autonomy of renewable systems and simplify energy transport.