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On December 2 from Vienna, Oman’s Minister of Oil and Gas , Mohammadal Ruhmi, told reporters in Vienna on Sunday that OPEC and its member states should cut production to restore the recent drop in oil prices.
This has formed a consensus.
He said: "Even people with poor memory can remember the benefits of cutting output.
Why don't we do what we did before? We know the process sequence, it is cut and paste, and we sign the documents.
"Ruhmi said, Oman Willing to cut oil production and hope that the ministers will meet on December 7 to sign an agreement on oil production.
Ruhmi told reporters: “We have been working to reduce crude oil production.
If I don’t want to, I will not come.
”Russian President Vladimir Putin said on Saturday that Russia has reached an agreement with Saudi Arabia to extend it until the end of 2018.
Opec and non-OPEC alliances in the future.
The alliance has implemented a plan to reduce production by 1.
8 million barrels per day in the past, but Putin said that it has not yet reached an agreement to reduce production.
Saudi Arabia has previously stated that it may discuss cutting daily production by about 1 million barrels.
ICE Brent crude oil futures closed at less than $60/barrel on Friday.
This has formed a consensus.
He said: "Even people with poor memory can remember the benefits of cutting output.
Why don't we do what we did before? We know the process sequence, it is cut and paste, and we sign the documents.
"Ruhmi said, Oman Willing to cut oil production and hope that the ministers will meet on December 7 to sign an agreement on oil production.
Ruhmi told reporters: “We have been working to reduce crude oil production.
If I don’t want to, I will not come.
”Russian President Vladimir Putin said on Saturday that Russia has reached an agreement with Saudi Arabia to extend it until the end of 2018.
Opec and non-OPEC alliances in the future.
The alliance has implemented a plan to reduce production by 1.
8 million barrels per day in the past, but Putin said that it has not yet reached an agreement to reduce production.
Saudi Arabia has previously stated that it may discuss cutting daily production by about 1 million barrels.
ICE Brent crude oil futures closed at less than $60/barrel on Friday.
