According to media reports, in the final draft Declaration of the Committee of OPEC, made the proposal to hold meetings of the monitoring Committee of OPEC+ monthly until the end of 2020, and a requirement to achieve complete fulfillment of the terms of the agreement of all the countries reduced production in the necessary volume to date. In addition, these countries will have to compensate for the existing gap in the decrease of production in July-September this year. Mainly, this applies to Iraq, Nigeria and Algeria, which reduced production is less than half of their quota reduction. Russia fulfilled its obligations on 98%.
Now these decisions must be approved at the meeting of the Ministerial Committee OPEC+, which will start at 17:00, and where to take part and Russia.
