Organization of Petroleum Exporting Countries, OPEC, has decided not to cut oil production quotas. Thus, OPEC has preserved the official oil production ceiling at 30 million barrels a day.
Some analysts suggested earlier that the cartel would reduce production quotas to support the price on hydrocarbons.
Following the news about OPEC's decision, which Saudi Oil Minister Ali al-Naimi announced, oil prices fell sharply.
The price of a barrel of Brent crude fell below $75 for the first time since September 2010. OPEC's oil "basket" that reflects average oil prices of OPEC countries has dropped by 30 percent during the session - to 73.7 dollars per barrel.
A few days before the meeting of OPEC, Igor Sechin, the head of Rosneft, said that Russia, which is not a member of the cartel, would not reduce the level of production of hydrocarbons, even if OPEC decided to cut production.
This problem is not limited to the situation with the "whale prison" in Russia's Far East, because many people buy tickets to go to oceanariums and turn a blind eye to the problem