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BackOPEC+ agreed to continue meetings to balance the market, Novak said
OPEC+ agreed to continue meetings to balance the market, Novak said
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РИА Новости1 hour agoEnergy1 min readRussiaView original

OPEC+ agreed to continue meetings to balance the market, Novak said

custodian+shipping safetyattacks on ships

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OPEC+ countries have agreed to jointly monitor the situation with the safety of shipping in order to stabilize it due to the increase in attacks on oil tankers, causing an increase in the cost of transporting oil, said Russian Deputy Prime Minister Alexander Novak.

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Why It Matters

In different parts of the world, there are attacks on civilian ships carrying oil and petroleum products, which causes an increase in the cost of transporting oil.

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The OPEC+ countries agreed to jointly monitor the situation with the safety of shipping in the world to stabilize it and continue meetings to balance the global oil market, said Russian Deputy Prime Minister Alexander Novak.

Novak noted that in different parts of the world there are now attacks on civilian ships transporting oil and petroleum products. This causes an increase in the cost of transporting oil.

Open Questions

  • What specific measures will be taken to monitor shipping safety?
  • How often will OPEC+ countries meet to balance the market?
  • Which regions are most susceptible to attacks on oil tankers?

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PeopleAlexander Novak
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Topicsshipping safetyattacks on shipsoil transportationAlexander NovakRussiaworld oil market
This article was originally published by РИА Новости.

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