According to Khalid Al-Falih, the Saudi minister of Energy and Industry, producers have already some 1.5 million barrels of oil per day removed from the market, writes news agency Bloomberg.
OPEC countries talk during a meeting with non-OPEC countries across the more details appointments that they had in december made.
Russia
Russia has the production decreased by an average of one hundred thousand barrels per day. The expectation was that that number next month will be reached.
“We are ahead of schedule and will continue,” said the Russian minister of Energy Alexander Novak. In april or may will be the country’s production by three hundred thousand barrels per day have reduced.
Overload
The oil-exporters that are members of the OPEC talked recently to coordinate their production with effect from this year to decrease. They got support from Russia.
The OPEC hopes that in this way the excess of oil to decrease and ultimately the price of oil to float. If the product is scarce, leads normally to a price increase.
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