Russia’s Energy Minister Discusses OPEC+ Deal With Local Oil Firms

Russia’s Energy Minister Alexander Novak is meeting with executives of Russia’s oil companies on Monday to discuss the OPEC+ production cut deal, Russian media reported. Russia is the leader of the non-OPEC group of producers in the OPEC+ pact, which is currently withholding a total of 7.7 million barrels per day (bpd) from the market in the hopes of stabilizing oil prices and drawing down global oil inventories after the pandemic crashed oil demand earlier this year. Since the start of the OPEC+ cooperation in 2017, Russian oil companies…