Kremlin Representative Commented on the Disagreement of Russia with OPEC+
OREANDA-NEWS. The current disagreements within OPEC+ over the future of the deal to limit oil production are considered by the Kremlin to be incomparable with those in March. This was stated by Dmitry Peskov, press secretary of the Russian President. The politician noted that these disagreements in the Kremlin administration are considered as nothing but “working situation.”
Earlier, Bloomberg agency, citing sources, reported that during the preliminary negotiations held on November 29, representatives of a number of countries participating in the OPEC+ deal could not agree on whether to extend the previously imposed restrictions on oil production or not. According to the agreement concluded in April, OPEC+ participants were to reduce their production by 9.7 million barrels per day with a gradual return to previous levels. From the beginning of 2021, it was planned to increase daily production by 2 million barrels; however, according to Bloomberg, most of the participants in the meeting on Sunday, including Deputy Prime Minister of the Russian government Alexander Novak, spoke in favour of abandoning such an easing.