OPEC+ watching oil markets before taking further decisions, says Russia

The logo of OPEC is pictured at the OPEC headquarters in Vienna. (File photo: AFP)

The group of OPEC+ countries will look at how the situation on global oil markets develops before taking any policy decisions, the Kremlin said on Tuesday, when asked if additional efforts were needed to support the energy market.

Kremlin spokesman Dmitry Peskov also said the deal on global oil production cuts agreed last month had definitely proved effective and helped ward off negative scenarios on oil markets.

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Last Update: Tuesday, 26 May 2020 KSA 14:02 - GMT 11:02