Russia's Novak: OPEC+ might discuss increasing oil output by more than 1 mln bpd - TASS

According to Russian News Agency, TASS, Russian Minister of Energy Alexander Novak told reporters on Monday that OPEC and its allies could discuss the possibility of increasing oil production by more than one million barrels per day at the upcoming meeting of the ministerial committee, which will be held in Algiers on September 23.

"In August, our performance was 108%. That is, we did not even fully restore production. We will discuss this situation and see what happens with the projected supply volumes in the Q4 and demand, taking into account the OPEC+ agreement, but also countries that are not part of the agreement," Novak further explained.