Eight OPEC+ countries to discuss oil market on Sunday — Russian Deputy PM Novak

Business & Economy September 04, 2025, 12:55

Eight OPEC+ countries, including Russia and Saudi Arabia, have been meeting monthly since March to set oil production levels

VLADIVOSTOK, September 4. /TASS/. Eight leading OPEC+ countries will discuss the current situation on the oil market at a meeting on September 7, Russian Deputy Prime Minister Alexander Novak told reporters.

"We don’t have an agenda, we always look at the current situation, forecasts as a whole, and based on that we resolve issues on the spot," he said when asked whether the eight OPEC+ members would consider the issue of an increase in oil production on Sunday.

Eight OPEC+ countries, including Russia and Saudi Arabia, have been meeting monthly since March to set oil production levels. At their latest meeting, the eight OPEC+ countries, which are voluntarily cutting oil output, agreed to increase production by 547,000 barrels per day in September.

The 10th Eastern Economic Forum is taking place in Vladivostok from September 3 to 6 under the theme "The Far East: Cooperation for Peace and Prosperity." The business program features more than 100 thematic sessions divided into seven tracks. The forum has brought together over 4,500 participants from more than 70 countries and territories. The Roscongress Foundation is the organizer of the EEF, with TASS as its general information partner.

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