Russia proposes to extend agreement with OPEC+

By MG News | March 12, 2020 at 02:29 PM GMT+05:00

0:00

March 12, 2020 (MLN): Russian Prime Minister has declared that his country was not the initiator of withdrawal from the OPEC agreement.

Russia has proposed to extend the agreement with the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+ until the end of the second quarter of the year or the end of 2020 to try to evaluate the real impact of coronavirus on demand for oil despite the escalating war for market share.

To recall, after oil plunged by almost three decades on Monday, Saudi Arabia failed to secure Russia’s support for cutting output at a meeting of OPEC+.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	132,737.17 99.32M	-0.50% -666.03
ALLSHR	83,011.64 550.08M	-0.21% -176.41
KSE30	40,402.23 35.52M	-0.61% -249.23
KMI30	191,114.35 39.97M	-0.50% -969.57
KMIALLSHR	55,720.63 281.24M	-0.23% -127.07
BKTi	36,232.16 6.27M	-0.52% -190.72
OGTi	28,278.03 7.31M	-0.56% -159.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,210.00	109,545.00 108,625.00	-5.00 -0.00%
BRENT CRUDE	70.12	70.15 69.85	-0.03 -0.04%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	2.05 2.15%
ROTTERDAM COAL MONTHLY	106.65	106.65 106.25	0.50 0.47%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.29	68.31 67.78	-0.04 -0.06%
SUGAR #11 WORLD	16.15	16.37 16.10	-0.13 -0.80%