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Next OPEC+ meeting to be held on January 4

The parties plan to discuss further joint actions that will be taken from February, according to the Russian deputy prime minister

NOVO-OGARYOVO, December 9. /TASS/. The next OPEC+ ministerial meeting will be held on January 4, 2021, Russian Deputy Prime Minister Alexander Novak said at a meeting between Russian President Vladimir Putin and cabinet members.

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Russia, OPEC+ to make yet another attempt to reach 2021 oil production compromise

"We agreed that we will hold the next meeting on January 4 to determine what actions to take jointly, starting from February," Novak said.

At a meeting on December 3, the ministers of the alliance countries agreed to gradually increase oil production from January 1, 2021. The mechanism stipulates that a monthly increase in supply will be no more than 500,000 bpd. In total, OPEC+ countries intend to restore oil production by 2 mln bpd. An agreement was also reached to hold meetings on a monthly basis.

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Press review: Ukraine, Israel vie for EU’s attention and Georgia passes controversial bill

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Russian investigators start inquiry into financing of terrorism by US, NATO officials

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