you should know that the parameters of the deal are given in the agreement published on the OPEC website.
Its quota will be distributed among other group members, Al-Arabiya TV channel reported, citing a source in the oil club. Libya and Nigeria were exempt from production cuts. “In the next six days, the immediate reaction could be a continued rise in prices as the numbers are quite positive and promise a sharper decline than expected,” Bloomberg quoted Khan as saying.
It is unlikely that the agreement reached will eliminate excess oil in the market — according to the group’s calculations, to balance supply and demand, OPEC’s total production should not exceed 31.9 million barrels. per day in the first half of 2017, but it opens up the possibility for other countries to join the deal, primarily Russia, the largest oil producer outside OPEC.
Nord Stream 1 will finally be “completely” stopped until the repair of a turbine of this vital pipeline for the supply of Europeans, announced Gazprom, invoking the discovery of “oil leaks” in the turbine during the maintenance operation.