5 Sep 2022 17:20

Novak: Compliance with OPEC+ deal at high level

MOSCOW. Sept 5 (Interfax) - Compliance with the OPEC+ deal is at a high level, Russian Deputy Prime Minister Alexander Novak believes.

"We have reviewed the results of complying with the deal for June, the current situation, and the forecasts for forming a balance of supply and demand by the end of the year. Overall, compliance [with the OPEC+ deal] is at a high level," Novak said on the Rossiya 24 TV channel following the results of the OPEC+ Joint Ministerial Monitoring Committee (JMMC) meeting.

As previously reported, the OPEC+ JMMC has decided to cut the oil output quota for October by 100,000 barrels per day compared to the September quota.