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OPEC+ Has Proven Effective in Balancing Oil Market – Russia's Novak

NAMPA / Sputnik
2025-12-25
MOSCOW, December 25 (RIA Novosti) - The OPEC+ group of major oil exporters has proven effective in balancing the oil market both through production cuts and increases, and will continue to operate in its current format, Russian Deputy Prime Minister Alexander Novak said on Thursday. "This mechanism has proven its effectiveness. It has been functioning for 10 years, and during this time it has shown its ability to balance the market both through c......
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