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One day after OPEC members reached a deal to extend oil production cuts till March 2020, Russia and nine other non-OPEC oil producers joined the extension of the cuts. Russian Energy Minister Alexander Novak told reporters that “it is right not to make any sudden movements now and maintain the situation as it is,” meanwhile, OPEC+ will monitor the situation and make necessary changes when needed.

OPEC+ Agree to Extend Production Cut till March 2020

One day after OPEC members reached a deal to extend oil production cuts till March 2020, Russia and nine other non-OPEC oil producers joined the extension of the cuts.

Russian Energy Minister Alexander Novak told reporters that “it is right not to make any sudden movements now and maintain the situation as it is,” meanwhile, OPEC+ will monitor the situation and make necessary changes when needed.

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