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

MOSCOW (Reuters) – 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.

Saudi Arabia, which chairs a ministerial panel that monitors adherence with the oil cuts, has been heading efforts to press laggards such as Iraq, Kazakhstan, Nigeria and Angola to improve compliance with the reductions and compensate for their overproduction in July-September.

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.”