Canada: The G20 agreed on the necessity of stabilizing oil prices
08:37 - 11/04/2020
Information / follow-up ..
Canadian Minister of Natural Resources Seamus Origan announced that the G20 countries, including Russia and Saudi Arabia, have agreed on the necessity of stable oil prices.
In the wake of the ministerial meeting of the twenty countries to discuss measures to achieve stability in the oil market today, the minister revealed that the parties concerned agreed to form a working group to follow up on collective efforts to deal with oil issues.
He said that the "twenty" countries "have not yet reached what we want," noting that there is still a lot of work before the countries, but they made a "great step forward" during today's meeting.
He added that no "numbers" were discussed with regard to reducing oil production, and he declined to talk about whether countries planned to take any additional steps to reduce production at a later time.
This comes a day after OPEC + countries reached understandings on reducing oil production by 10 million barrels from May 1 and for a period of two months. End / 25