OPEC+ Monitoring Committee to hold meeting today 

The OPEC+ alliance will hold a meeting of the ministerial monitoring committee on April 27 - a day earlier than the original plans, Report informs, citing RIA Novosti.

The online meeting is expected to begin at 4:00 p.m. (GMT +4).

The meeting of the OPEC+ Monitoring Committee had to be held on April 28.

After the onset of the coronavirus pandemic, the oil demand dropped. For this reason, the OPEC+ has declined the daily output by 9.7 million barrels since May 2020.

As the situation improves, the restrictions on production have been changed to 6.9 million barrels per day for April this year.