This was announced by Novak before the start of the OPEC + monitoring committee meeting in online mode.
“Assessing the current situation, I believe that a slight weakening of existing reductions and the launch of the agreed second stage of adjustments in the amount of 7.7 million barrels per day are fully consistent with current market trends and will avoid volatility,” TASS quoted him as saying.
On June 6, the OPEC + countries agreed to extend the reduction in oil production until the end of July.
Novak noted that a decision was made to balance the oil market.
Independent financial expert Anton Shabanov in an interview with PolitExpert commented on the situation with oil prices.