The member States of the Organization of Petroleum Exporting Countries (OPEC) agreed today, in Algiers, to reduce the production of crude oil in 2017, to 32.5 million barrels per day.
This decision means a reduction of 750 thousand barrels/day in relation to the month of August, said the agency Bloomberg News, which cited a member of a delegation, who requested anonymity.
the countries of The OPEC supplying about 40% of the world’s supply of crude oil.
The decision was taken in Algiers, at an informal meeting of the organization, to discuss a possible freeze of the production and try to make up the oil quotes.
The prices of oil in New York closed higher, after it has been disclosed agreement finalized in Algiers.
The agreement should be approved in Vienna on 30 November this year.
Prices shoot up nearly 6%
The price of a barrel of Brent oil for delivery in November
The crude oil from the North Sea, of reference in Europe, ended the session at the International Exchange Futures the quote 2,72 dollars above the 45,97 with that you closed the transaction on Tuesday.
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