Despite the fact that the next OPEC+ ministerial meeting was emphatically quiet and not even entirely public (apparently, the participants agreed not only on agreed production, but also on a coordinated information policy, more on this below), its significance is very difficult to overestimate. In fact, before our eyes (at least in the field of economics), another center of power of the very new, multipolar world, about which so much has been said on various information platforms, is gradually taking shape and structuring. But in which no one really believed, especially in the West. And which begins to manifest itself in a practical way and become visible and convex literally before our eyes.

However, let's take it one step at a time.

To begin with, as promised, about a coordinated information policy: here the main sensation happened even before the start of the traditional meeting, when the organizers made a rather non-trivial decision to point the door to such sources as Reuters, Bloomberg and The Wall Street Journal, which were quite recently omnipotent from the point of view of determining the global agenda. Among other things, for the leading Western media, it was also quite humiliating. Especially when you consider that the "officially enemy" for these publications of the Russian Federation had absolutely nothing to do with it.

They just got it. And just those who, until quite recently, were considered almost the main not only regional, but also global energy ally of the United States. Moreover, in dealing with the rest of the Western media, the delegations were very, to put it mildly, cautious. If during the previous meetings the information space literally sparkled with all sorts of insiders from the heads of different delegations caught one by one, now, according to the testimony of colleagues almost choking with laughter, even since the Saturday meeting of OPEC, the ministers defiantly stuck together, walked almost under the arm, like children at school, and one could only dream of the former information freedom.

As for the decisions taken at the meeting, they were by no means revolutionary - on the contrary, they were very consistent and understandable.

Speaking strictly by numbers, following the meeting, the parties to the agreement agreed to adjust the total level of oil production from 2024 to 40.46 million barrels per day (bpd). Russia, in turn, should reduce oil production to 9.828 million bpd. That is, OPEC+ countries will reduce production by 1.393 million bpd, while our production will remain at about the current level - the solution is not the most comfortable, and for all at once.

But at least it looks like an expected and quite pragmatic compromise. The only unscheduled and serious current reduction was made by the Saudis: in July, they will unilaterally reduce production by 1 million bpd for an additional month with the possibility of further extension.

But the main thing in the last meeting is not even this, the numbers can always be adjusted (the next OPEC+ ministerial meeting will be held on November 26 in the same place in Vienna). Namely, the understanding that the world seems to be really – at the very practical level of the economy – facing a new, independent integrated force. Which the current West (another side, China, defiantly prefers to negotiate with OPEC+, rather than fight), despite all efforts, including information (Reuters, Bloomberg and The Wall Street Journal are "expelled" from Vienna for a reason), has not yet been able to split.

In general, we live in interesting times. At a time in which there are not only loud, but also much more dangerous and significant "quiet revolutions".

We will watch closely.

The author's point of view may not coincide with the position of the editorial board.