Новак провел встречу с министром нефти Ирана runews24.ru - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from runews24.ru Daily Mail and Mail on Sunday newspapers.
Russia said to support OPEC+ output increase in February By Evgenia Pismennaya on 12/21/2020
Russiaâs Deputy Prime Minister Alexander Novak
(Bloomberg) Russia intends to support a further increase in OPEC+ production at the groupâs meeting next month, even as a new strain of the coronavirus raises concerns about demand, said officials familiar with the countryâs oil policy.
As of now, Moscow believes it makes sense to raise OPEC+ output by 500,000 barrels a day in February, matching the hike already agreed for January, the officials said, asking not to be named because the information is confidential.
That would be the maximum supply increase allowed by the accord that emerged from the cartelâs difficult talks in early December. Other members of the group would need to agree for the output expansion to go ahead.
Новак провел встречу с министром нефти Ирана runews24.ru - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from runews24.ru Daily Mail and Mail on Sunday newspapers.
Source: Reuters
Russia, other leading oil producers and the Organization of the Petroleum Exporting Countries, a group known as OPEC+, have joined forces to reduce output and bolster the global oil market as the COVID-19 pandemic has weakened fuel demand.
“We hope that the changes to the policy of the U.S. administration will not have an impact on the joint actions, which, first of all, are designed to play a positive role for the global economy and energy markets,” Novak told an online conference.
He also said Moscow had noted statements from the incoming administration that he said appeared to contradict the U.S. policy of the last four years.
Oil tumbles 4% as new virus strain revives demand fears reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.