OPEC+ capable to respond to low oil price situation, says Russian Energy Minister

OPEC+ capable to respond to low oil price situation, says Russian Energy Minister
  • Clock-gray 05:27
  • calendar-gray 22 April 2020

Countries participating in the OPEC+ oil production limiting agreement have all the capabilities to respond if necessary to the situation with the low oil prices, Russian Energy Minister Alexander Novak told reporters, APA reports.

"OPEC+ countries are keeping a close eye on the situation and have all the capabilities to respond if required," the Minister said.

Brent and WTI oil futures are also exposed to volatility because of the overall negative mood on the market, Novak added.

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