Financial Times: OPEC+ plans to announce a sharp cut in oil production

The group, led by Saudi Arabia and Russia, will discuss production cuts that could amount to more than 1 million barrels per day, the sources said.

"Such a move threatens to drive up oil prices as much of the world fights to lower energy prices," the paper said.

According to the publication, this development threatens to create a “rift” in the United States, where President Joe Biden is trying to reduce fuel prices ahead of the “crucial midterm elections”.

In September, Russian President Vladimir Putin had a telephone conversation with Crown Prince of Saudi Arabia Mohammed bin Salman Al Saud.

Then they praised the efforts of the two sides within the framework of OPEC+.