“I am fairly confident that from the OPEC side almost everyone agrees that we need to extend the Declaration of Cooperation on the level of production for OPEC+ for the second half of the year. The UAE and Kuwait, and all the big producers in OPEC, as well as many non-OPEC countries like Oman, Kazakhstan, and Azerbaijan have also supported the extension,” said Khalid A. Al-Falih, Saudi Arabia's energy minister in an interview with TASS, APA reports.
“I think the remaining country to jump onboard now is Russia. I will wait for the Russian dynamics to work themselves out. There is a debate obviously within the country about the exact volume that Russia should be producing in the second half. And we will look at the global market and discuss it when we meet in three weeks,” he said while answering the question on the level of production for OPEC+ for the second half of the year.
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