Novak says no official proposals to amend OPEC+ agreement

23/10/2019 Argaam

 

Russian Energy Minister Alexander Novak said he has no information on whether OPEC and other oil-producing allies would consider deepening production cuts during their prospective meeting in December.

 

Novak added that it is possible to amend OPEC+ agreement, but there are no official proposals yet.

 

The minister’s comments followed a recent report by Reuters, suggesting that OPEC+ and partners will consider deepening oil production cuts in December due to weaker growth of demand in 2020.

 

He called on all parties to fulfill their commitments towards the OPEC+ deal.

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