Delegates attending the meeting said that the meeting of ministers of OPEC+ oil-producing countries began at 1 p.m. Moscow time via videoconference
“Yes, they have started”, – one of them said. Other interlocutors confirmed the start of the talks.
The meeting is expected to proceed almost swiftly, which is rare for OPEC+ meetings, and will end by 2 p.m. Moscow time. Conferences usually last several hours each.
According to the sources, the main issues between the allies have been settled after two weeks of informal negotiations, which makes it possible to hold a formal meeting on short notice. The agency’s interlocutors specified that it is the differences between Saudi Arabia and the UAE that have been settled. They also pointed out that the agenda of OPEC+ meeting will include the discussion of oil production levels until the end of this year, as well as the question of extending the OPEC+ deal until the end of 2022.