OPEC+ agreement to have positive effect on energy market stabilization - Kremlin

OPEC+ agreement to have positive effect on energy market stabilization - Kremlin
  • Clock-gray 07:20
  • calendar-gray 07 June 2020

The OPEC+ agreements will have a positive impact on future stabilization of the global energy markets, Kremlin Spokesman Dmitry Peskov told TASS on Saturday, APA reports.

"These agreements will have a positive effect on future stabilization of the energy markets," he said.

It was reported earlier that the OPEC-non-OPEC Ministerial Meeting agreed on Saturday to extend oil production cuts by 9.7 million barrels per day until late July. Apart from that, the OPEC ministers bound non-compliant members to make extra reductions in July-September.

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