mo4ch:>Russia says too early to discuss OPEC+ deal extension | Mo4ch News

OPEC countries and allied producers need to discuss the situation on the market before making proposals for the cartel’s meeting in June, Russia’s energy minister has said amid calls to further extend output cuts under OPEC+ deal.“I think it’s too early to talk about it [the necessity to extend the deal]. We need to meet and discuss everything,” Alexander Novak told reporters after he arrived in Jeddah, Saudi Arabia, where some of the major crude producers gathered for ministerial panel meeting, known as the JMMC, on Sunday. The top Russian energy official said the primary task now is to review a technical committee’s report and assess the situation on the oil market as well as the implementation of the deal reached between OPEC and non-OPEC states at the end of last year. The states agreed to reduce output by 1.2 million barrels per day in an effort to boost crude prices.Also on rt.comOPEC ‘likely to collapse’ thanks to some members’ unilateralism – Iran’s oil ministerWhile Russia ad…