This was stated by the Minister of Energy of the UAE, Suheil al-Mazrui.

“The OPEC countries and the OPEC + countries unanimously agreed to extend the current reduction until the end of July and to fully assume obligations from the beginning of the transaction by compensating for any volumes that were not reduced by some countries in May,” he wrote on Twitter.

It was previously reported that OPEC approved the extension of the reduction in oil production until the end of July.

Russian Energy Minister Alexander Novak said that the joint actions of OPEC + avoided the serious consequences of a significant drop in oil demand.