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OPEC+ agreement can be suspended in June
Energy
- 11 December, 2017
- 09:21
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Baku. 11 December. REPORT.AZ/ Russia and a number of OPEC member states want to suspend agreement on oil production cut before June 2018.
Report informs citing the Bloomberg, Kuwaiti oil minister Essam Al-Marzouq told reporters at a meeting of the Organization of Arab Petroleum Exporting Countries (OAPEC).
According to him, if the oil market is regulated, withdrawal strategy can be viewed at OPEC+ meeting on June 22, 2018.
Notably, the current OPEC+ deal which ends on March 31, 2018, was extended by late 2018 at the November 30 meeting.
The next meeting will be the 174th OPEC summit.
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