The market is under pressure from the deteriorating prospects for the global economic recovery.
Fears for a recovery in demand continue to put pressure on market participants.
The alliance is likely to extend the compensation period to October and November.
Last week, Brent fell by 6.6%, WTI – 6.1%.
This was the minimum for at least the previous 10 years.
Saudi Aramco will cut prices for all grades of oil for buyers from Asia and the United States in October.
Deposits were discovered in the north of the country.
Fuel demand forecasts have been dashed.
A month earlier, this figure was 107%.
Brent crude rose to $45.12 per barrel.
This contract is part of a program to increase investment in oil refining.
Oil prices continue to rise after the statement by the head of Saudi Aramco about the recovery in demand in some markets.