Oil rose to $78 a barrel for the first time since early June

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On June 4, the ministers of the OPEC+ countries met, at which they agreed to reduce the quota for oil production from the current level by 1.6 million barrels per day from January 1, 2024. The total quota will be 40.46 million barrels per day. The oil production quota for Russia will be significantly reduced by 650,000 barrels per day, Nigeria – by 362,000 barrels per day, Angola – by 175,000 barrels per day, Malaysia – by 166,000 barrels per day.

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