“Now it has been holding for a month at the level of $ 40-43, more or less the price is balanced based on the balance, it is today at the moment,” Interfax quoted him as saying.
Novak said earlier that the implementation of the new phase of the OPEC + agreement, which involves easing restrictions on oil production since August, is fully consistent with current market trends.
Novak also said that the level of compliance by Russia with the terms of the OPEC + deal to reduce oil production in June amounted to about 99% of the stated volumes.