Russian Deputy Prime Minister Alexander Novak said OPEC+ countries have not discussed increasing oil production ahead of their upcoming meeting later this month.

 

Novak told Reuters that member states are expected to review the current state of the global oil market, forecasts, and some adjustments.

 

OPEC+ energy ministers are scheduled to hold an online meeting on May 28.

 

This will be followed by a separate meeting on May 31 — instead of June 1 — for the eight OPEC+ members that previously pledged additional voluntary output cuts, sources told Reuters earlier on Monday.

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