Kremlin: OPEC+ important to global energy market stability – Reuters.com
- Date: 05-Jun-2023
- Source: Reuters
- Sector:Oil & Gas
- Country:Saudi Arabia
Kremlin: OPEC+ important to global energy market stability – Reuters.com
MOSCOW, June 5 (Reuters) - OPEC+, the group of leading oil-producing countries, is important for providing stability on global energy markets, Kremlin spokesman Dmitry Peskov said on Monday, a day after the group met.
OPEC+ pumps around 40% of the world's crude and has put in place cuts of 3.66 million barrels per day, amounting to 3.6% of global demand.
"The Russian Federation is a member of the joint (OPEC+) understanding. The OPEC+ format continues its work, there are common agreements that, of course, everyone will follow," Peskov told a daily conference call with reporters.
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