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BackAlexander Novak: OPEC+ will play a leading role in overcoming the crisis in the oil market
Alexander Novak: OPEC+ will play a leading role in overcoming the crisis in the oil market
NEWS
РИА Новости4 hours agoBusiness1 min readRussiaView original

Alexander Novak: OPEC+ will play a leading role in overcoming the crisis in the oil market

custodian+oilAlexander Novak

Quick Look

  • Russian Deputy Prime Minister Alexander Novak said that the actions of OPEC+ will be a key factor in overcoming the current crisis in the global oil market.
  • Previously, the countries participating in the agreement agreed to maintain current levels of oil production.

AI-generated summary

Why It Matters

Seven OPEC+ countries decided to maintain the maximum permitted level of oil production in November at the level of September-October.

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The crisis in the global oil market will be overcome, including OPEC+ playing a leading role in this, said Russian Deputy Prime Minister Alexander Novak.

“I will once again emphasize the leading role of OPEC+ in stabilizing the situation on the global oil market. I am confident that the current crisis that we are seeing in world markets today will be overcome, including the leading role that our joint actions will play,” he said in an interview with Vesti following a series of OPEC+ meetings.

Open Questions

  • What specific actions will OPEC+ take in the future?
  • How will the market react to maintaining current quotas?

Related Topics

custodian+
PeopleAlexander Novak
OrganizationsOPEC+RIA NovostiIS Vesti
PlacesMoscow
TopicsoilAlexander Novakoil marketcrisis
This article was originally published by РИА Новости.

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