Alexander Novak participated in a meeting of the group of seven OPEC+ countries. The parties assessed the current situation and the prospects for the development of the global oil market. The Group of Seven includes Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman. The seven participating countries decided to maintain the required level of production set for September 2026 in December 2026. The OPEC+ member states reaffirmed their collective commitment to full compliance with the Declaration of Cooperation. The seven OPEC+ member countries will continue to meet monthly to assess the market situation.

Alexander Novak participated in a meeting of the group of seven OPEC+ countries. The parties assessed the current situation and the prospects for the development of the global oil market. The Group of Seven includes Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman. The seven participating countries decided to maintain the required level of production set for September 2026 in December 2026. The OPEC+ member states reaffirmed their collective commitment to full compliance with the Declaration of Cooperation. The seven OPEC+ member countries will continue to meet monthly to assess the market situation.