Minister Novak: We Didn't Talk About OPEC + Production Plans for August

Russian Energy Minister Aleksandar Novak made statements regarding oil production plans. "We did not talk about the production plans of OPEC + for August," Minister Novak said. Russian Energy Minister Aleksandar Novak stated that OPEC +, consisting of OPEC and its allies, has not yet been put on the table for its oil production plans for August. "We can see that the oil market has stabilized in late 2020 or early 2021," said Novak, adding that the possibility of holding a new extraordinary OPEC + meeting before December has not been discussed. OPEC + Joint Ministry Monitoring Committee members examined the compliance of the parties to the agreement with the quotas at the meeting held yesterday.