Russia has no objection to the next meeting of OPEC and its allies, known as OPEC+, being brought forward to June 4 from the following week, three OPEC+ sources familiar with the meeting's preparations told Reuters on Sunday.
FILE PHOTO: A 3D printed oil pump jack is seen in front of the OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
Algeria, which currently holds the presidency of the Organization of the Petroleum Exporting Countries , has proposed the meeting planned for June 9-10 be brought forward to facilitate oil sales for countries such as Saudi Arabia, Iraq and Kuwait. OPEC+ decided in April to cut output by a record 9.7 million barrels per day, or about 10% of global output, to lift prices battered by a drop in demand because of lockdown measures to stop the spread of the coronavirus.
Sources have told Reuters that Saudi Arabia is proposing to extend record cuts from May and June until the end of the year but it has yet to win support from Russia, which believes that curbs could be eased gradually.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Russia eyeing expansion of military bases in SyriaPresident Putin orders Russia's defence and foreign ministries to hold talks with Syria for Moscow to obtain additional facilities and maritime access in Syria
Lire la suite »
New Transcript Shows Trump Adviser Michael Flynn Colluding With Russia in 2016Michael Flynn had good reason to lie to the FBI about his conversation with Russia’s ambassador.
Lire la suite »
Pompeo demands Russia free ill American accused of spyingUS Secretary of State Pompeo urges Moscow to free US marine facing espionage charges, says the man was denied necessary medical treatment
Lire la suite »
US eyes use of security brigade in Tunisia amid Russia concernsTunisia's defence ministry said the United States was a main partner in the effort to build the Tunisian army's operational capability.
Lire la suite »