Oil prices started going down
Oil prices declined by 0.62-0.8%
On 16 July 2020 (08:05, Moscow time), Brent Crude Oil futures price fell by 0.62% to $43.52 per barrel, Light (WTI) for August delivery fell by 0.8% to $40.87 per barrel.
On 12 April 2020, OPEC+ approved new oil output cut by 9.7 million bpd in May-June, 7.7 million bpd in the second half and 5.8 million bpd by May 2022.
On 6 June 2020, OPEC+ agreed to extend oil-production cuts by 9.7 million bpd till the end of July.
Read also
Merry Christmas and Happy New Year!
Bangladesh to purchase rice, edible oil and lentils to stabilize prices ahead of R...
Ukraine does not claim the money received by Polish or Hungarian farmers – K...
Algeria purchased half a mln tons of durum wheat
Ban on Chinese drones raises concerns among US soybean farmers
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon