Oil

These difficult times require unparalleled flexibility and commitment,” Mohammad Sanusi Barkindo said.

The reduction may be at the level of 20 % of world production.

The Wall Street Journal writes that the US administration may raise import duties.

This was reported to TASS news agency by the representative of the Ministry of Energy.

Head of Continental Resources expressed hope that it will be able to restore positions in the third and fourth quarters, and now it is important to maintain the industry.

According to Bloomberg, the parties have determined the target volume of reduction, but they cannot agree on how this volume will be divided between the sides.

The measure is temporary, it will be valid until September 2020.

This was announced by Tina Bru, Minister of Petroleum and Energy.