Oil prices on the world market is rising, investors play a statement on the possible extension of the agreement of a number of oil-producing countries to reduce output black gold and watching the hurricane Irma, which led to power outages in Florida.
09:32 the price of North sea petroleum mix of mark Brent has grown on 0,56% – to $54,08 per barrel. The price of oil WTI has raised on 0,86% – to $47,89 per barrel.
Saudi Arabia and Venezuela, if necessary, agree to extend the measure of rebalancing of the oil market after the first quarter of 2018, was announced yesterday by the Minister of energy of Saudi Arabia and the Minister of oil of Venezuela.
Investors are watching the hurricane Irma, which has led to power outages in Florida. According to recent reports, more than 3 million state residents remained without electricity.
Prior to that, Russia and Saudi Arabia said that it is not against to extend the agreement to reduce oil production within the OPEC transaction+.
Meeting of the technical Committee of experts responsible for monitoring implementation of the agreement by OPEC and some not members of the organization of oil producing countries on the reduction of oil production, will take place on 20 September in Vienna.
We will remind, in the end of 2016 in Vienna OPEC and several non-Nations agreed to cut its oil production to 1.8 million barrels per day, of which 300 thousand have on RF. The agreement was concluded for the first half of 2017. In may, its validity was extended until the end of March 2018.