FELIX KING
The way for a reduction in oil production by the oil cartel Opec and its partners is free. (Subject image)
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The way for a reduction in oil production by the oil cartel Opec and its partners is free. At a special session on Sunday, oil producing countries agreed to cut 9.7 million barrels a day for May and June. A barrel is 159 liters of oil.
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The Mexican energy minister Rocio Nahle wrote this on Twitter after the special session by video. The Kazakh Ministry of Energy also confirmed the agreement, according to Russian agencies.
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The amount is around 300,000 barrels a day below the original destination decided on Friday. Mexico had refused to contribute the required 400,000 barrels until the very end and stuck to its offer to remove 100,000 barrels from production.
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With the cut, Opec + wants to stabilize the oil price, which has just fallen rapidly due to the corona crisis. It is not yet clear whether the decision will raise the price of petrol at petrol stations again. (SDA)
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