Russian Deputy Prime Minister Alexander Novak traveled to Vienna to attend the OPEC+ ministerial meeting. In this respect informs TASS.
The Alliance’s ministerial meeting will be held in person in Vienna on 4 June for the first time since October 2022. According to a TASS source, OPEC+ members will consider various options for oil production. We can also talk about reducing fuel production.
3 June Saudi Energy Minister Prince Abdulaziz bin Salman declarationIt is said that OPEC countries will discuss many issues at the meetings on June 3 and the negotiations will be exciting.
The next semi-annual conference of the OPEC countries begins on June 3 in Vienna. Countries will especially evaluate the situation of the world oil market and possible developments in the OPEC+ agreement. The full OPEC+ ministerial meeting will take place on June 4. On June 3, Reuters, citing sources, said at a meeting on June 4 that OPEC+ could consider another reduction in oil production. The agency writes that the drop in production could reach 1 million barrels per day.
Prior to that, The Wall Street Journal had written that Saudi Arabia, the de facto leader of OPEC, had asked Russia to comply with agreed proposals to cut oil production.