The OPEC + agreement, which we managed to sign after long disputes and discussions, would become a lifeline for many countries, and in particular for Russia.
This is reported by the NPF with reference to news.online.ua.
It was the last chance for the head of the Kremlin, Vladimir Putin, to face the consequences of the oil crisis. Many analysts, discussing the situation, have spoken of improving it. Oil prices, after the signing of the agreement, started to rise and it looked like the oil crisis was over.
However, according to forecasts by OPEC experts, in 2020 the largest drop in demand for oil in history is expected – by 6.8 million barrels per day.
In April alone, demand for oil fell by around 20 million barrels a day. These data were published in the OPEC report of April 16.
“In 2020, forecasts for growth in global demand for oil deteriorated by 6.8 million barrels per day. “It is expected that the reduction in demand in the second quarter of this year will be around 12 million barrels per day, and in April there will be an increase in the reduction – up to around 20 million barrels per day” , – noted in the OPEC report.
Russia faced a new threat from the oil crisis. Furthermore, according to forecasts by OPEC experts, the risk of a further drop in demand remains significant, particularly for the estimation of oil demand in the second quarter.
Earlier, it was reported that NATO had mistaken Russia and warned of the consequences.