OPEC+ has already agreed to act on oil production if necessary, said Russian Deputy Prime Minister Alexander Novak said today, May 7, Reuters reported citing the Interfax news agency.
 
“It always depends on the current situation, the balance of supply and demand. Everything is analysed. Now you don't need to predict anything, you just need to see how the market feels,” Novak added.
 
The group will meet in June to take a decision on production amid expectations that it will keep its output policy unchanged.

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