The OPEC left its current production quotas intact at a meeting in Japan. But until the war question is solved OPEC is to pump extra oil on short notice.
By deciding not to authorize any additional pumping of crude, OPEC makes it somewhat more likely that inventories will continue to fall in oil-importing countries, which in turn could lead to higher prices that would damage an already fragile global economy.
As oil traders had been expecting OPEC to leave quotas unchanged prices for October delivery fell 8 cents per barrel to $29.40 in New York trading yesterday.
OPEC members don’t believe recent warnings from oil-consuming nations that oil supplies are too low and pushing oil prices higher as a result. The reason as OPEC thinks is in fears about a possible war that had pushed up prices by $3 or $4 a barrel.
A US-based TV channel named curious details about the trials of the new Russian missile, such as, for example, the failed launch in October 2017
During the recent Helsinki summit, Russian President Vladimir Putin offered to hold a referendum in the Donbass. Trump asked not to voice this idea at the press conference
The International Olympic Committee is ready to take Russia back, the head of the organization Thomas Bach said