Russia and OPEC+ partners will determine what’s best for the market at a June meeting

MOSCOW, May 25 (Reuters) – Russia and OPEC+ partners will meet in June to determine what’s best for the market, Russian Deputy Prime Minister Alexander Novak said on Thursday.

“Russia will engage in discussions with partners to determine what is best for the market, respecting all previous decisions,” Nowak said in a statement.

The meetings of the group are aimed at jointly discussing the state of the market and working out a consensus on further actions aimed at balancing the market, he said.

“This is a systematic approach that will also be the basis of the OPEC+ meeting in June, where decisions can be taken if necessary.”

Earlier on Thursday, Novak said in an interview broadcast by Russia 24 that the price of Brent oil could exceed $80 a barrel in 2023, and that the OPEC+ alliance is unlikely to change the global deal at its meeting in early June. (Moscow office)