OPEC+ does not intend to reduce oil production

OPEC+ does not intend to reduce oil production in the near future, writes Reuters. According to media reports, there is a chance that such a decision can be made if oil from Iran returns to the world market.

The agency notes that oil from Iran may return to the world market if Iran and the West conclude a nuclear deal.

Note that on the eve of OPEC+ it was reported that they are ready to reduce oil production if oil from Iran, who is now under sanctions, will be traded again on the world market, as a result of which the excess of oil will grow.