Kremlin: "OPEC+" is an Important Group to Ensure Stability in Energy Markets

Kremlin spokesperson Dmitry Peskov confirmed on Monday that "the OPEC+ alliance of oil-producing countries is an important entity to ensure stability in global energy markets," following a day after the alliance's meeting. The "OPEC+" alliance decided to reduce production by 3.66 million barrels per day, which represents 3.6% of global demand. The alliance produces about 40% of the world's crude oil.