Russia Claims OPEC+ Has Not Discussed Delaying Its Oil Supply Increase

OPEC+ has not discussed delaying the increase in its oil supply currently planned to begin in April, Russian Deputy Prime Minister Alexander Novak said on Monday. Earlier in the day, reports emerged that the OPEC+ group, comprising OPEC and a dozen non-OPEC producers led by Russia, is mulling over postponing the gradual increase in oil supply.

The alliance is considering pushing back the start of the easing of the cuts despite calls from U.S. President Donald Trump that OPEC needs to lower oil prices, Bloomberg reported on Monday, quoting OPEC+…