Delegates from eight countries participating in the OPEC+ agreement on oil production cuts gathered to discuss the current situation in the oil market. This month, they have already announced an increase in production quotas for April and November.
One of the representatives noted that the oil market stabilized after significant losses last year. He also added that the participating countries were ready to respond to the situation in the market, and such meetings contribute to discussing possible actions.
The purpose of the meeting was to discuss future steps for regulating oil production, taking into account the current global economic situation and the level of demand for energy resources. Leading countries, such as Saudi Arabia and Russia, actively participate in the dialogue and express readiness to work together towards stabilizing the market situation through production regulation.
At today's meeting, issues of interaction with other non-OPEC+ countries were also discussed to support the stability of the global oil market.
