Russia’s Novak: Talks need to be held in May to decide OPEC+ future output policy

Dhwani Mehta FXStreet

Reuters reports Russian Energy Minister Novak’s comment cited in a statement published by the Energy Ministry of Azerbaijan on Sunday, ahead of a meeting of OPEC and non-OPEC oil-producing countries scheduled for Monday in Baku.

Key Headlines:

Talks need to be held in May to decide on the future steps of an oil output pact between OPEC members and other major oil exporters known as OPEC+.

Russia has started to cut production of oil by 140K bpd, part of the OPEC+ deal.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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