Military Review

OPEC +: New Year's Eve of Unheard of Generosity

55

What did the ministers decide



The first ministerial meeting of the participants in the OPEC + deal, which began in 2021, was awaited by many with considerable concern. And not only because it was already the 13th in a row.

Alas, the positive expectations associated with the start of the Covid-19 vaccination were not met. New strains of the virus intervened, and as a result - a wave of quarantines and lockdowns, which are also combined with the beginning of the implementation of the notorious Brexit.

In this regard, the question of seriously weakening restrictions on the production of hydrocarbons was not even raised. He fell away as if by itself.

Recall that an agreement to reduce quotas was reached at the previous OPEC + ministerial meeting, which took place in the fall of 2020. In fact, in the midst of the second wave of the pandemic (Oil in 2021: Russia will leave OPEC in the black).

The September reduction in production quotas by 2 million barrels per day was to be followed by another - already to 5,8 million.

But the first day of the oil summit only confirmed fears - no one waited for any recommendations on what would happen to production quotas in February and March 2021. And this is after six hours of tense negotiations.

On January 5, the general meeting, in general, had to be delayed, since Saudi Arabia and Russia needed additional time to resolve the accumulated contradictions.

The flagships of the OPEC + deal, the two countries that make the maximum contribution to its implementation, had to very demonstratively do without intermediaries.

Sheikh bonus


For the Saudi sheikhs, another wave of large-scale decline in oil prices, which is simply impossible to avoid without prolonging the OPEC + agreement - is like death.

Russia is less and less sensitive to fluctuations in oil prices every year. But this is not the main thing - our oil industry has a kind of safety cushion.

This is a hefty set of fixed contracts for the supply of black gold, both domestically and in the near and, more recently, in the far abroad.

Moreover, Russia can always count on the support of a number of participants in the deal. First of all - Venezuela and Kazakhstan. And to a somewhat lesser extent - Iran and Iraq.

You should also not discount the Syrian oil. At the same time, Russia has much less technological room for maneuvering production volumes than most of the OPEC member countries.

Nevertheless, it is from Russia that the OPEC + parties have demanded the impossible on more than one occasion - practically shutting down wells, which remain unprofitable when oil prices are below $ 20-25 per barrel.


Why, then, in January 2021, Saudi Arabia (where they did not hide their readiness to unleash a new oil war at any time) decided to abandon the stick and urgently used the carrot?

After all, this is how the increase in production quotas for Russia, and with it for Kazakhstan, should be regarded. It is known that Russia can add 65 thousand barrels to the current level of oil production, and Kazakhstan - 10 thousand.

Russia will be able to produce 2021 million barrels per day in January 9,119. That is 1,881 million barrels below the base level of 11 million barrels. Then the mark will rise to 9,184 million barrels in February and to 9,249 million barrels in March.

Quotas and anti-quotas


But there is no need to rush to call Russia and Kazakhstan such beneficiaries - winners in a battle with greedy sheikhs.

The fact is that in January 2021, the total volume of production restrictions under the OPEC + agreement will still be softened.

Softened from 7,7 million barrels per day to 7,2 million barrels. This, we recall, instead of the expected - 5,8 million. As you can see, oil production in general will grow by 500 thousand barrels per day.

At the same time, the relief affected (with the exception of Saudi Arabia) almost all participants in the OPEC + deal. The share of the countries that make up the cartel will have 75 thousand barrels in January, and the same amount in February.

These are just Russian and Kazakh antiquots. Non-OPEC members will be able to produce as much as they did in December 2020. At the same time, members of the cartel also have good opportunities to increase production.

OPEC has already outlined a reduction in quotas to 7,125 million barrels in February and 7,05 million in March. However, no one wanted to risk splashing 2 million additional barrels into the market at once.

You can get the missing half a million in just three months. This is exactly what the new agreements of the participants in the OPEC + agreement reached on January 5 allow. In accordance with them, the reduction quotas can change monthly in any direction.

But there is also a limitation. The range of changes is no more than 500 thousand barrels. The Ministerial Committee called on

"To maintain increased caution while increasing oil production in order to prevent a new imbalance in the market."

OPEC +: New Year's Eve of Unheard of Generosity

Participants in the January summit almost unanimously consider it necessary to return at least 2 million barrels to the market, doing this gradually, taking into account market conditions.

Particular attention will be required to assess the proposal from countries not participating in the OPEC + agreement, and how it may affect the overall stability of the market and the global oil balance as a whole.

Qatar factor and Iran factor


To compensate for such significant losses in quotas, the sheikhs from Riyadh, with unexpected ease for many, went on to further reduce their own production - by 1 million barrels at once. Thus, the informal leader of the oil cartel decided to confirm his adherence to a flexible approach to regulating production volumes.

Such a step, according to the representative of Saudi Arabia - the head of the Ministry of Energy Abdel Aziz bin Salman, was made at the negotiations

"Taking into account not so much the expectations of the first results of mass vaccination and economic recovery, but the momentary situation with the pandemic."

The same base level of production as in Russia - 11 million barrels per day with the same level of decline of 1,881 million, in Riyadh they decided to voluntarily cut another million barrels.

Most likely, this was done to mitigate the negative effect on the market from the lifting of the diplomatic and economic blockade from Qatar.

This country, which was kept afloat for a long time (and actually alone) by the sanctioned Iran, deftly played in its position as a kind of “Arab outcast”. There they clearly turned a blind eye to the semi-legal trade in oil and oil products.

This greatly hampered the implementation of the OPEC + deal, no matter how much the participants themselves praised it. At the moment, it is not so much the "legalization" of little Qatar with its meager quota that is dangerous for the OPEC + agreement. Much more dangerous is the fact that Iran will have to be somehow legalized behind it.

Iran (by all indications) cannot avoid a new portion of sanctions due to the announcement of another violation of the "nuclear deal". And this is a preemptive strike against OPEC +, in which Tehran, we recall, managed to get along peacefully with Riyadh and even with Washington.
Author:
Photos used:
depositfotos.com, oilcareer.ru, e-cis.info
55 comments
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  1. Aerodrome
    Aerodrome 8 January 2021 06: 02
    +6
    What did the ministers decide
    more correctly, what have you decided?
    1. Machito
      Machito 8 January 2021 06: 20
      +19
      If the price of oil falls, gasoline will rise in price. If the price of oil rises, gasoline will rise in price. In Russia, gasoline is always more expensive and prices, especially for the New Year. Cigarettes have already risen in price.
      1. Pessimist22
        Pessimist22 8 January 2021 06: 30
        +1
        Smoking is harmful!
        1. Machito
          Machito 8 January 2021 06: 41
          +21
          Is it also harmful? Putin ordered sugar prices to fall, but they did not obey. I make moonshine from expensive sugar drinks wassat
          1. Ingvar 72
            Ingvar 72 9 January 2021 19: 11
            +3
            Quote: Bearded
            I make moonshine from expensive sugar

            Do as I do - grain and koji, the output is pure grain distillate. bully
            Although sugar prices are cool - they threatened them from the high stands, but no one lowered the prices, they just fixed the already raised price. And the FAS is like a hand dog, on a short leash with the oligarchs.
        2. apro
          apro 8 January 2021 06: 52
          +18
          Quote: Pessimist22
          Smoking is harmful!

          Racist statements towards smokers are inadmissible.
          1. Sling cutter
            Sling cutter 8 January 2021 09: 26
            +16
            Quote: apro
            Racist statements towards smokers are inadmissible.

            This is a clear insult to the feelings of smokers!
        3. Dimy4
          Dimy4 8 January 2021 08: 27
          +14
          Smoking is harmful!

          So, living is also harmful, you die at the end. crying
          P.S. I smoke like a stoker myself.
          1. paco.soto
            paco.soto 8 January 2021 16: 01
            +5
            So, living is also harmful, you die at the end. crying
            P.S. I smoke like a stoker myself.
            Reply © ©
            I could not resist: I forever remembered the medical article I read here. In America, all the "medical records" in the archives have been preserved for several centuries. They were digitized by medical students and then analyzed in all respects. The real statistic is that Kurts who consume moderately alcohol lived there the longest.
          2. Keyser soze
            Keyser soze 8 January 2021 16: 25
            +8
            P.S. I smoke like a stoker myself.


            I remembered an article about the oldest inhabitant of Europe. A Frenchwoman .... At 98 she stopped riding a bike, at 112 she stopped smoking, at 121 she complained that God had forgotten about her. The Lord remembered when she was 123 ... :)

            I'm a man and harder than a woman - I will stop smoking at 115! laughing
        4. parusnik
          parusnik 8 January 2021 09: 57
          +10
          That's right, breathing gasoline exhaust is good. smile
        5. Civil
          Civil 10 January 2021 13: 10
          0
          2,5 years ago. But sometimes, once a week with the pleasure of half a cigarette ... eh ... a weak-willed rag.
          And prices for everything will burst up, otherwise there will be a deficit. And so the assortment fell dramatically. It is more profitable to sell everything abroad for dollars.
      2. Stas157
        Stas157 8 January 2021 07: 12
        +20
        The article gives the impression of a spreading cranberry.

        ... For the Saudi sheikhs, another wave of a large-scale decline in oil prices, which cannot be avoided without prolonging the OPEC + agreement - death is like.

        Russia is less and less sensitive to fluctuations in oil prices every year. But this is not the main thing - our oil industry has a kind of safety cushion.

        Well yes, well yes ... Situation death is like with them, and the ruble falls with us. I personally do not agree to win such losses for the Saudis.

        All these "geopolitical" victories emanate from death and poverty of the people of Russia. The world leader in the sale of mineral resources (oil and gas, gold and diamonds) has already bargained for African salaries for its population. Maybe his such trade?
        1. Machito
          Machito 8 January 2021 07: 31
          +4
          The Saudis are tied to the dollar, while ours is tied to oil. So the ruble is wobbling like a drunkard from side to side drinks wassat
          1. Stas157
            Stas157 8 January 2021 07: 59
            +11
            Quote: Bearded
            The Saudis are tied to the dollar, while ours is tied to oil

            And who is so bad that tied us to oil ??)) drinks

            In fact, our wooden one also directly depends on the dollar. Rather, from the oil dollars (you are right), there are just almost no others (like the Saudis). And it is from the inflow of currency that the ruble is issued.
        2. The leader of the Redskins
          The leader of the Redskins 8 January 2021 09: 43
          +1
          As in the proverb:
          - Father! Finish trading, otherwise you have nothing to give change ...
      3. Doccor18
        Doccor18 8 January 2021 08: 45
        +8
        Quote: Stas157
        The article gives the impression of a spreading cranberry.

        ... For the Saudi sheikhs, another wave of a large-scale decline in oil prices, which cannot be avoided without prolonging the OPEC + agreement - death is like.

        Russia is less and less sensitive to fluctuations in oil prices every year. But this is not the main thing - our oil industry has a kind of safety cushion.

        Well yes, well yes ... Situation death is like with them, and the ruble falls with us. I personally do not agree to win such losses for the Saudis.

        All these "geopolitical" victories emanate from death and poverty of the people of Russia. The world leader in the sale of mineral resources (oil and gas, gold and diamonds) has already bargained for African salaries for its population. Maybe his such trade?

        By the word "Russia" the Author meant oil-producing corporations, they have this "airbag", and it is thanks to this "cushion" that gasoline in the country is constantly becoming more expensive, regardless of oil quotations ...
        1. Sling cutter
          Sling cutter 8 January 2021 09: 37
          +11
          Quote: Doccor18
          By the word "Russia" the Author meant oil-producing corporations, they have this "airbag", and it is thanks to this "cushion" that gasoline in the country is constantly becoming more expensive, regardless of oil quotations ...

          Colleague, you are absolutely right. Oil and other mining companies are not Russia at all, but a toolkit for the enrichment of individual citizens, cat. are friends and relatives of a friend.
          We can safely assume that the NWF has also already been outsourced to individuals and offshore companies.
          By the way, in some regions of the country the ambulance service has been outsourced. So we lived to see the "bright times".
          1. Doccor18
            Doccor18 8 January 2021 10: 45
            +1
            Quote: Stroporez

            By the way, in some regions of the country the ambulance service has been outsourced. So we lived to see the "bright times".

            The vehicle fleets were transferred, and the SSMP itself is still a state structure. There are, however, in almost every large city and private ambulances, which also work well with compulsory medical insurance, but their number is very small. On "such a business" you will not get rich. This is a troublesome business, helping people at home, and the population's ability to pay falls from year to year. The commercial ambulance is justified in only two capitals.
          2. g1v2
            g1v2 8 January 2021 11: 40
            -6
            Yeah. And you are probably writing nonsense in all seriousness? belay Where do you come from, intellectuals. Want to know where the money goes? Well, watch at least the video "St. Petersburg. It was, now." Although you have a piss in the eye, right? repeat
            As for oil, everything is simple. We need 40-50 dollars of oil. Not more expensive. We did not agree to a reduction in quotas, because then oil would have grown higher than necessary. And the Saudis, on the contrary, need high prices - so they portrayed kindness, reducing their production instead of us. But such prices will not save them either. Too their budget is tied to them. And here in a couple of years oil from the east-oil will go. PM oil prices will start to fall again. Of course, there is a chance that Biden will start cutting the American oil industry as promised, but it is doubtful. To promise is not to marry.
            1. The comment was deleted.
        2. Airdefense
          Airdefense 8 January 2021 20: 38
          -1
          and it is thanks to this "cushion" that gasoline is constantly getting more expensive in the country, regardless of oil prices ...

          Here everything is more complicated, if you count in dollars (for which oil is traded), then gasoline does not rise in price, even becomes cheaper.
      4. Sling cutter
        Sling cutter 8 January 2021 09: 53
        +5
        Quote: Bearded
        If the price of oil falls, gasoline will rise in price. If the price of oil rises, gasoline will rise in price. In Russia, gasoline is always more expensive and prices, especially for the New Year

        World Hydrocarbon Prices for ordinary citizens act only in a negative way.
        1. bessmertniy
          bessmertniy 8 January 2021 10: 38
          +5
          Is it necessary to increase the production of hydrocarbons, if by reducing it, you can get the same money? The Saudis, it seems, have already finished this up, and ours have started to open the cranes. fool
      5. Ratmir_Ryazan
        Ratmir_Ryazan 8 January 2021 10: 36
        -1
        In Russia, gasoline prices do not depend on the cost of oil, but are set administratively and each year increase by% inflation.

        That is why the price of gasoline in Russia is 3 times cheaper than in European countries, including those where oil is also produced.

        Want a market price? Do you want gasoline to follow the oil price?

        Then its price should also be on the market - 1,5 euros (150 rubles) for about a liter !!!
        1. the most important
          the most important 10 January 2021 00: 05
          +1
          Quote: Ratmir_Ryazan
          Want a market price? Do you want gasoline to follow the oil price?

          Then its price should also be on the market - 1,5 euros (150 rubles) for about a liter !!!

          Yes, I want a market price, but prices in oil-producing countries and where there is no universal corruption and ripping off of the entire population. Even in Syria, which has been at war for 10 years, the cost of gasoline is 18 rubles !!! Therefore, there is no need to write nonsense about 1,5 euros as the market value of gasoline in Russia. Take care of your self-education before writing comments. You could not even convert 1,5 euros into rubles at the exchange rate, and here you teach economics much more educated than the participants in the discussion.
          1. Ratmir_Ryazan
            Ratmir_Ryazan 10 January 2021 00: 26
            -2
            In Norway, the price of 1 liter of euros, in Canada and Mexico about 1 dollar, in Europe on average 1,5 euros.

            Despite the fact that in Europe there are companies such as British Petroleum, Total and a bunch of others producing oil and gas around the world.

            ... You couldn't even convert 1,5 euros to rubles at the exchange rate


            The problem is what I don’t understand? You cannot multiply 1,5 by 90 rubles in your mind?
      6. Aerodrome
        Aerodrome 8 January 2021 10: 38
        +3
        Quote: Bearded
        If the price of oil falls, gasoline will rise in price. If the price of oil rises, gasoline will rise in price.
        I do not know of such an event that gasoline does not rise in price.
  2. apro
    apro 8 January 2021 06: 06
    -1
    The commodity is prone to mood swings ... oh prices. All the more if someone skillfully manages the price ... and obviously not sellers of raw materials ... they would like ... but they have nothing to back up the Wishlist. They have no aircraft carriers, international law .. .and reserve battle currency.
    It will fall ... rise ... the weak will howl ... the strong will be fastened. And the clever read babos.
  3. Crowe
    Crowe 8 January 2021 06: 12
    +17
    Moreover, Russia can always count on the support of a number of participants in the deal. First of all - Venezuela and Kazakhstan. And to a somewhat lesser extent - Iran and Iraq.

    I just laughed so hard. Here it is every man for himself, what kind of comrades can be in business, where each country thinks first of all about its own interests, and not about how to help someone out of the kindness of heart.
    1. Ross xnumx
      Ross xnumx 8 January 2021 07: 20
      -14%
      Quote: Crowe
      I was laughing so hard right now ..

      I have already noticed a strange peculiarity: here you "laugh" in a white tailcoat, and the rest of the participants (all over the place), as in that joke ... Very strange coincidences ... Tell us the secret of a heightened sense of humor - maybe we will like it too ...
    2. Stirbjorn
      Stirbjorn 8 January 2021 09: 30
      +12
      Quote: Crowe
      Here it is every man for himself, what kind of comrades can be in business, where each country thinks first of all about its own interests, and not about how to help someone out of the kindness of its soul.
      Further, these so-called "economists" also mention Syrian oil. That's a player, a player in the oil market wassat
      1. bessmertniy
        bessmertniy 8 January 2021 10: 44
        +9
        Humor is humor, and everything goes abroad - oil, timber, fish, metal. As a result, we are all naked, and the oligarchs in the Krushavels of our women are dancing! negative
  4. Pessimist22
    Pessimist22 8 January 2021 06: 33
    -7
    The Saudis wanted to eliminate unwanted market participants with low prices and almost overstrained themselves smile
  5. Ross xnumx
    Ross xnumx 8 January 2021 06: 59
    +1
    Russia every year less and less sensitive to changes oil quotes.

    It's right. It has already been said here:
    Quote: Bearded
    If the price of oil falls, gasoline will rise in price. If the price of oil rises, gasoline will rise in price.

    Everything is stable, everything is predictable. And, most importantly, you need to remember:
    1. Earth and other natural resources are used and are protected in the Russian Federation as the basis of the life and work of peoplesliving in the respective territory.

    But you and I know for the benefit of which representatives of the people oil is used ... And gas, and everything that can be sold on the stock exchange ...
    But this is not the main thing - our oil industry has a kind of safety cushion.

    Indeed, a kind. In the courtyard there is a pandemic, a production crisis, and the oligarchs increase their fortune by tens of billions of dollars, build yachts (like Mordashov) ... Only the majority of the people continue to make ends meet, filling this pillow with additional taxes, domestic gasoline prices and other extortions ...
    1. Pessimist22
      Pessimist22 8 January 2021 07: 33
      -6
      The people are holding the main blow, they are used to it, they have adapted, so to speak, and every year they are less and less sensitive smile
    2. tralflot1832
      tralflot1832 8 January 2021 07: 47
      -10%
      And you live in Cherepovets? Now it is easy to check the oligarch. I went to the Severstal website. A locksmith is required, then 45, a turner from 000 rubles, a repairman of hydraulic equipment from 50000 to 68 rubles. For metallurgists, a closed topic. It employs 000 people. Besides Severstal, it owns Power Machines. I do not protect, he himself lives and gives to others. hi
      1. Ross xnumx
        Ross xnumx 8 January 2021 09: 05
        +8
        Quote: tralflot1832
        Now it's easy to check the oligarch. I went to the Severstal website.

        And on what basis did this "Severostal" become the property of this Mordashov? Is it because:
        During the initial period of privatization in Russia, in 1992, became the Director of Economics and Finance of the Cherepovets Metallurgical Plant, which was soon reorganized into JSC Severstal.

        I shed tears, remembering the career rise "from worker to plant director" in the famous film ... True, it took 20 years there. And here - once !!! And a simple senior economist becomes the director of economics and finance ... Or (it still happens) there was a case:
        An excellent student graduated from school, but she is not given a gold medal ... She is preparing a thesis: "Alienation of Labor: History and Modernity", but does not seek to defend it ... Then work under the leadership of Mr. GREFA and ... The best head of the Central Bank in Europe. ..
        We know these miracles of privatization firsthand ... We even remember the second stage of corporatization, when the shareholders of the enterprise were forced to surrender their shares for a pittance ... We even know by what criteria the number of these shares was distributed ...
        Quote: tralflot1832
        It employs 50 people.

        Previously, for such work they were given (at best) a "Pyatnadtsarik" with confiscation ...
        Before my eyes is a picture from the alleged speech (with possible changes at the end):

        ... on the advice (and practice) of friends, I decided to buy a 142-meter yacht ...
        laughing
        1. tralflot1832
          tralflot1832 8 January 2021 09: 17
          +1
          And I know a case in Murmansk, the floor attendant, having collected money from all relatives, bought shares in the hotel and drove out the insolent director, his 10%. WHO was in the subject rose, and more lay in the damp earth.
      2. Sling cutter
        Sling cutter 8 January 2021 09: 48
        +9
        Quote: tralflot1832
        It employs 50 people. Besides Severstal, it owns Power Machines.

        Benefactor of the Mordashov? belay
        1. Ross xnumx
          Ross xnumx 8 January 2021 11: 14
          +5
          Quote: Stroporez
          Benefactor of the Mordashov?

          Yeah ... Right there:
          Quote: tralflot1832
          I went to the Severstal website. A locksmith is required, then 45, a turner from 000, a repairman of hydraulic equipment from 50000 to 68 rubles. For metallurgists, a closed topic. It employs 000 people. Besides Severstal, it owns Power Machines. I don’t protect, I live and give others ...

          And nothing that, for example:
          Germany
          The average salary for steelmakers is 4685 euros per month. Depending on the position held, they receive:
          fitter - 3695 euros;
          mechanical engineer - 4035;
          equipment operator - 2345;
          accountant - 6135;
          controller - 2745.
          1. Sling cutter
            Sling cutter 8 January 2021 11: 31
            +2
            Quote: ROSS 42

            ROSS 42 (Yuri Vasilievich)

            Happy New Year and Merry Christmas, dear Comrade! I wish you health and fortitude drinks
            The fact is that the Zaputins have amazed me for several years already, it seems that they live in some other reality, and in fact, for the most part, people are not rich at all. I don’t understand what motivates them, this is a more abrupt rebus than the Poincaré problem.
            1. tralflot1832
              tralflot1832 8 January 2021 14: 00
              +2
              I had enough for a house on the northern coast of the Black Sea. Somehow old age on the southern coast of the Barents Sea is not a thrill! And there are many of us from the north, not only Armenian friends move to Sochi, but we still have to work. And the 2014 Olympics helped. 90% of the park's work is from outsiders.
      3. Stirbjorn
        Stirbjorn 8 January 2021 09: 50
        +7
        Do you think this is a big salary for such a harmful production ?! Cherepovets through smoking pipes, tens of kilometers away can be seen
      4. Aerodrome
        Aerodrome 8 January 2021 10: 41
        +2
        Quote: tralflot1832
        Do you live in Cherepovets?

        yeah ... everything ... from west to east ... everything. we stand in line. we are all shipbuilders, all locksmiths ...
  6. From Tomsk
    From Tomsk 8 January 2021 08: 09
    +13
    In 2020, the Tomsk Region transferred 180 billion rubles to the federal budget. At the same time, the budget revenues of the Tomsk region for 2020 are estimated at 60,92 billion rubles, expenses - 62,4 billion rubles, the deficit - in the amount of 1,476 billion rubles. Thus, such articles are irrelevant outside the Moscow Ring Road and cause only irritation.
    1. Ross xnumx
      Ross xnumx 8 January 2021 09: 10
      +8
      Quote: From Tomsk
      In 2020, the Tomsk region transferred 180 billion rubles to the federal budget.

      But Mr. Mordashov earned (in rubles) 239 in a year ... fellow
      What an interesting science - mathematics ...
      1. bessmertniy
        bessmertniy 8 January 2021 10: 55
        +5
        I didn’t work, but I got it. It would be good if only one such ghoul on Russia would be, and their cage, and even the laws were prescribed - to protect them as predators of the Red Book. negative
  7. Stirbjorn
    Stirbjorn 8 January 2021 10: 10
    +10
    Most likely, this was done to mitigate the negative effect on the market from the lifting of the diplomatic and economic blockade from Qatar.

    This country, which was kept afloat for a long time (and actually alone) by the sanctioned Iran, deftly played in its position as a kind of “Arab outcast”. There they clearly turned a blind eye to the semi-legal trade in oil and oil products.
    What nonsense, what an outcast Qatar ?! Which Iran is supporting ?! Qatar has the largest US base in the Middle East, El Udeid. Qatar has one of the highest GDP per capita in the world, what are these two "economists" writing about ?!
    1. tralflot1832
      tralflot1832 8 January 2021 14: 04
      +1
      At the same time, Qatar has the largest base of the Turks and Qatar allocated 500 million forever greens to help the Houthis not only help them from Iran. There is generally a snake ball.
  8. Soko
    Soko 8 January 2021 11: 04
    +19
    the base level of production - 11 million barrels per day with a reduction level of 1,881 million, in Riyadh decided to voluntarily cut another million barrels.
    Most likely, this was done to mitigate the negative effect on the market from the lifting of the diplomatic and economic blockade from Qatar.

    The Saudis understand that they are the reason, so they decided to voluntarily pay extra. Temporarily, of course.
  9. l7yzo
    l7yzo 8 January 2021 11: 21
    +2
    Well, obviously for some good behavior. IMHO
  10. ximkim
    ximkim 8 January 2021 13: 15
    +1
    Damn it. Such meetings do not lead to good.
  11. Airdefense
    Airdefense 8 January 2021 20: 31
    0
    A funny remark about Syrian oil, whose production is less than 0.1% of the world. Well, how is Russia every year less and less sensitive to fluctuations in oil prices if oil and oil products are the main export commodity in Russia and the fall of the ruble is very noticeable how Russia does not feel the fall in oil prices.
  12. svoit
    svoit 9 January 2021 00: 00
    0
    Quote: Bearded
    In Russia, gasoline always rises in price

    Well, this is the airbag, the people are rich, it will quite successfully compensate for all the shortages of the oligarchs
  13. Kushka
    Kushka 9 January 2021 00: 10
    +1
    Previously, for such work they were given (at best) "Pyatnadtsarik" with confiscation...
    An old joke.
    The Americans insisted on visiting one of the camps.
    Well, everything was rebuilt there for a pioneer camp, well, convicts
    washed, shaved, dressed in short pants, tied
    pioneer ties. Guests arrived, and they have a pioneer
    ruler. One visitor, such a cunning one, considered zk, then in
    the forehead is on the side and asks - How old are you? He answers-
    fifteen. And I gave you more (!) - K0zioL - we have more
    do not give!