Russia’s Novak says OPEC+ may discuss underperformers this month

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The Organization of the Petroleum Exporting Countries and its allies may discuss this month countries which have lagged in reducing their oil output under a global oil cut deal, Russian Energy Minister Alexander Novak was quoted as saying on Monday.

Asked if the laggards have requested to extend the period for improving their compliance, RIA news agency quoted Novak as saying: “I have no information on that.”

“We have a planned meeting of the JMMC on (Sept.) 17. I think, we will discuss all those issues,” he said.

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