MOSCOW, Jun 16 (PRIME) -- OPEC plus deal participants are not discussing changes to the deal for August and expect a 100% compliance, a source in one of the delegations told PRIME on Tuesday.
"This is not even discussed, at least for this moment, there are no discussions of this. The key goal now is to reach a 100% fulfillment of the deal in order to see how it is reflected on the market," the official said.
He said that the OPEC plus states are cautiously optimistic but the coronavirus situation and its effects for the oil market are unclear.
In April, the OPEC+ countries agreed to reduce their oil production by 9.7 million barrels per day in May–June, by 7.7 million barrels per day in July–December, and by 5.8 million barrels per day from January 2021 through April 2022. Russia’s share in the reduction will amount to 2.5 million barrels per day in May–June. The agreement is valid until April 30, 2022, but the members will revise its prolongation in December 2021.
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