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OPEC agrees with Russia and other allies to increase production from July
Saudi Energy Minister Khalid al-Falih, discussed the events of the oil market with his Russian counterpart. Close coordination in the interest of producers, consumers and the global economy, said Tuesday the Saudi Ministry of Energy
Falih held talks with the Russian Minister on Monday of Energy, Alexander Novak, on the need to modify the current monitoring process and agreed to appoint a joint committee of OPEC and members outside the cartel known as JTC to develop and recommend an appropriate process for consideration by the CCMM Ministerial Committee.
The Petroleum Exporting Countries (OPEC) agreed with Russia and other allies to increase production from July and Saudi Arabia promised an increase in "Substantial" supply, but did not provide precise figures.
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