Out of bounds
oil minister: most producers want to extend production cuts
and the ISNA news agency in Iran confirmed Oil Minister Bijan Namdar Zanganeh as saying that most oil producers are in favor of the extension of production cuts by OPEC member states and from abroad and that Iran would support any such move.
The agency said Zanganeh "stressed that most countries want to extend OPEC 's decision, and Iran also supports any such decision , and if others committed will stick to Iran."
The market is witnessing an oversupply since mid - 2014, prompting OPEC countries producing oil from non - OPEC members agreed to cut production during the first six months of OPEC 2017.utltaki on May 25 \ May to discuss the extension of the cuts until after June.
Sources said that OPEC Saudi Arabia, Kuwait and most of the other OPEC members tend so if an agreement was reached with the other producers.
"Mercosur" sign trade agreement with Europe this year ,
Argentina 's President Mauricio Macri said that the commercial gathering of South America 's Mercosur intends to sign a trade agreement with the European Union this year, and added Macri in an interview with the newspaper Neue Tsorgr Zeitung Swiss published on Sunday , "we intend to all confirm the signing of an agreement in the second half of the year. "
He continued , "We also want to move towards the Pacific Alliance , which includes Chile, Colombia and Mexico. Will not happen immediately , and will take two years , " expressing his belief that the continent agreed on the need for closer cooperation.
Macri said he would seek to take advantage of a meeting with US President Donald Trump this month to improve relations with the United States.
And damaged relations between the two countries as a result of faltering Argentina in the repayment of debt of $ 100 billion in 2002 but improved since the Macri businessman turned political action and took office in 2015.
He said , "There are no longer relations remember between Argentina and the United States. There are many things that could lead to improve relations , and nothing could aggravate the situation. "
expectations decrease fees on Russian oil exports
data from the Ministry of Finance showed that the expected decline in customs duties on Russian oil exports to $ 84 a tonne in May to $ 88.9 per ton in April.
The Ministry of Finance calculated the fees rate of real follow - up crude prices of Urals transported by sea from March 15 to April.