OPEC+

Country fulfils commitments under OPEC+ deal

The new OPEC+ deal, in which the countries of the cartel cut production by 800,000 barrels per day and non-OPEC countries by 400,000 per day, was reached on December 7, 2018. Following the meeting of the ministers of OPEC and non-OPEC in Vienna on July 2, the agreement on limiting oil production was extended until the end of the first quarter of 2020.
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Azerbaijan stands for extension of OPEC+ deal

Azerbaijan considers it necessary to extend the OPEC + deal, and under the same conditions, Azerbaijan’s Energy Minister Parviz Shahbazov told reporters on the sidelines of the Future Leaders Forum of the World Petroleum Council in St. Petersburg, Trend reports with reference to TASS news agency.
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