=OPEC+ has agreed to return to the August parameters of the deal. In October, oil production in the countries of the agreement will be reduced by 100,000 barrels per day. The next OPEC+ meeting will be held on October 5, Kommersant writes.

However, in a release following the OPEC+ meeting, it is noted that the alliance is ready to hold meetings at any time in order to respond to the market situation.

In August, an OPEC+ representative from Saudi Arabia said that the alliance was ready to cut oil production if crude from Iran, which is now under sanctions, is again traded on the world market. As a result, an excess of oil may grow in the world market.

In September, OPEC+ increased oil production by only 100,000 bpd. The decision was made after oil prices fell below $100 per barrel. This was the result of a lack of spare capacity. Under the terms of these agreements, in September Russia should increase production to 11 million bpd.