Russia and OPEC+ countries maintain current oil production levels
Russian Deputy Prime Minister Alexander Novak took part in a meeting of the OPEC+ ministerial committee. The meeting was held via videoconference, where representatives of oil-exporting nations discussed the current situation in the global energy market.
The committee consists of seven countries: Russia, Saudi Arabia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman. These states play a key role in regulating oil supply volumes, which directly impacts global energy prices.
Following the meeting, the participants decided not to change their current strategy. OPEC+ countries agreed to maintain existing oil production cuts. This decision is aimed at maintaining market stability and preventing sharp price fluctuations.
This measure is part of the organization's long-term policy to balance supply and demand. Russia continues to actively participate in these processes, coordinating its actions with partners to ensure predictability in the global oil market.
Experts note that monitoring of the situation will continue. If necessary, member countries are prepared to hold additional consultations to respond promptly to any changes in the global economy.