Oil market will stabilize soon, no decisions made to change OPEC+ deal

Home > Newsroom > Top Stories > Oil market will stabilize soon, no decisions made to change OPEC+ deal - minister

Oil market will stabilize soon, no decisions made to change OPEC+ deal - minister

BRUSSELS. Sept 20 (Interfax) - There have not been any decisions made to change the terms of the OPEC+ agreement to curb oil production, Russian Energy Minister Alexander Novak said.

"We have talked with Saudi Arabia's energy minister. Russia is committed to complying with the OPEC+ deal in the full amount," Novak told reporters. "We see that the situation in Saudi Arabia has stabilized, the market is calm," he added.

"There are no decisions on changing these agreements and I'm confident that the situation will stabilize soon. And now, as far as oil supplies to markets are concerned, there are no disruptions and [Saudi] contractual obligations will be met in full," Novak said.