17.02.2025, 17:14

Novak on possibility of suspending OPEC+ output growth as of April: There have been no such discussions to date; is option for monthly monitoring

MOSCOW. Feb 17 (Interfax) - The OPEC+ Joint Ministerial Monitoring Committee (JMMC) during a meeting on February 3 decided to retain the plan to boost oil production as of April, and no other discussions have occurred to date, though the alliance has the option of monthly market monitoring, Russian Deputy Prime Minister Alexander Novak said, commenting on information from Bloomberg that OPEC+ is discussing the possibility of suspending the plan to boost oil output as of April.

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