Oil Producing Countries Decide to Reduce Production in July to Overcome Crisis
The oil-producing countries of the world, collaborating in the format of the Organization of Petroleum Exporting Countries (OPEC), on June 6, during a ministerial-level videoconference, agreed to extend by July a two-month-ago agreement on a total decrease in oil production by 9.7 in May-June million barrels per day.This will make it possible to more efficiently remove excess "black gold" from its oversaturated market and maintain price stability...
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- 7 June 2020 13:31
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- 7 June 2020 17:24
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In a significant diplomatic move, President Kassym-Jomart Tokayev of Kazakhstan embarked on an official visit to Armenia, marking a pivotal moment in the relationship between the two nations. The meeting between President Tokayev and Armenian Prime Minister Nikol Pashinyan resulted in the signing of a joint statement aimed at fostering cooperation and easing tensions that had simmered between the two countries.
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