Russia Expects OPEC+ To Ease Cuts Next Month

OPEC+ is not discussing or planning changes to its production cut agreement, which should see the oil producers ease the cuts in August, Russia’s Energy Minister Alexander Novak said at an online conference on Thursday.   OPEC+, led by Russia and OPEC’s top producer Saudi Arabia, agreed in June to extend the record production cuts of 9.7 million bpd by one month through the end of July.  According to the original agreement reached in April, OPEC+ was to cut 9.7 million bpd in combined production for…