On April 28, a meeting of all OPEC + ministers and a meeting of the Ministerial Monitoring Committee (JMMC) will take place. On the eve of these events, OPEC Secretary General Mohammed Barkindo said that the organization sees positive signals in the development of the world economy and in the prospects for the oil industry. At the same time, many factors remain that require constant monitoring and maintaining vigilance. Deputy Prime Minister of the Russian Federation Alexander Novak noted that the main task at the OPEC + meeting will be to analyze the situation on the oil market. Novak regards the current situation as «balanced». Recall that due to the drop in oil demand caused by the coronavirus pandemic, OPEC + has reduced its production by 9.7 million barrels per day since May 2020. As demand recovered, the restrictions were adjusted, and for the current April they amount to 6.9 million barrels per day. Since May, OPEC + has agreed on a further reduction in the volume of reduced production – to 6.55 million barrels per day, from June – to 6.2 million, from July – to 5.76 million.
QUICK LINKS
ForexMart is authorized and regulated in various jurisdictions.
(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines
Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.
Contactez-nous 
