OPEC + at the Neeting in December Will Take into Account Decline in Oil Production in United States
"The OPEC+ mechanism has shown its effectiveness, but it is not infinitely effective. That is, there is still a limit - how much can be taken on and what actions can be taken", he said.
“We continue to monitor the situation for such uncertainties. But again, you look at the USA - you will also see a very strong slowdown in production growth in the last three to four months. There is no growth. De facto drilling efficiency in the United States over the past two years has been almost not growing, it fluctuates around one level", said Sorokin.
According to the deputy head of the Ministry of Energy of the Russian Federation, it is necessary to track how the situation in American production will develop until December at the current price of oil.
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