“With regard to the implementation of the agreement, I believe that it is at a fairly high level - 89%, approximately according to preliminary estimates, which is a fairly high indicator," RIA Novosti quoted him as saying. 

Along with this, he added that Russia, within the framework of OPEC +, has fulfilled its obligations by almost 100%.

“Our companies fulfilled the agreement almost 100%, are close to 100% in May and June and intend to fulfill the agreement in full,” Novak added.

Earlier it was reported that OPEC + unanimously agreed to extend the current reduction in oil production until the end of July this year.

Vyacheslav Kulagin, director of the Center for the Study of World Energy Markets at the Institute for Energy Studies of the Russian Academy of Sciences, assessed the situation in the oil market in an interview with the FBA “Economics Today”.