[size=36]Insiders: Expectations to postpone the "OPEC +" meeting and most parties are ready to cut production[/size]
The agency quoted two sources in the Organization of Petroleum Exporting Countries (OPEC) as saying that this step comes in order to give black gold producers more time to negotiate the reduction of crude supplies.
The source said that most of the parties to the coalition are ready to reduce the level of production, and there is a high possibility to reach consensus in this regard.
This comes in light of the expiry of the validity of the OPEC + deal.
On Friday, Russian President Vladimir Putin criticized Saudi Arabia's recent steps in oil markets, saying that the kingdom's withdrawal from the "OPEC +" deal represents one of the reasons for the drop in oil prices in the world, and called for a reduction in global oil production by 10 million barrels per day. Ended 29 / r