Russia has not moved on the fourth of June, the Ministerial Committee meeting of OPEC+. This was reported by RIA Novosti with reference to sources familiar with the situation. Initially, a Committee meeting was scheduled for the ninth and tenth of June, but the may 30 with the proposal to postpone it was made by the head of the energy Ministry of Algeria Mohamed Arkab.
Earlier, Reuters, citing its sources reported that Saudi Arabia wants to discuss at the next meeting of OPEC+ extension until the end of the current year until July of the terms of the transaction on the total reduction of production at 9.7 million barrels per day. It has been in April, the OPEC agreements+, with July volume of production decrease should have been reduced to 7.7 million barrels per day. The proposal of Saudi Arabia to support some other OPEC countries, but its adoption requires the approval of the second largest oil producer among the transaction parties – Russia and its position on this issue is not yet known.
In March this year due to the fact that Russia and Saudi Arabia have failed to reach consensus on reductions of oil production, fell apart the first transaction of OPEC that led to the collapse of world oil prices to the level of the end of the last century. The new OPEC deal+ since the first of may of this year.