Open Demo Account
Home / Market Update / Commodities / Reuters: Russia May Support an Extension of Global Oil Cuts After 2020

Reuters: Russia May Support an Extension of Global Oil Cuts After 2020

Adel 20 October, 2020 5:38 pm Commodities, Market Update

Two industry sources told Reuters that Russia may support keeping global oil production cuts unchanged after 2020 when it is time to ease them if global market conditions deteriorate due to slowing demand and increasing cases of coronavirus.

Russian Energy Minister Alexander Novak said last week that OPEC + would start easing production cuts as planned, despite a global jump in coronavirus cases.

“The Russians are studying support for an extension beyond December 2020, despite Novak’s statements”

Tags

Check Also

Sterling Rebounds Following Softer US PCE Data

The Pound Sterling bounces back strongly above 1.3400 against the US Dollar after soft US …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends