Saudi Arabia has proposed that countries should cut oil production by 5%

Moscow. January 28. Saudi Arabia in previous meetings, OPEC was offered to producer countries to reduce oil production by 5%, told journalists the head of Ministry Alexander Novak.

What is the proposal for a planned OPEC meeting in November, Novak said. “This subject,” he said.

Earlier Thursday, he said that Russia considers it possible to discuss the possibility of reducing oil production with OPEC representatives. Probably a meeting with representatives of OPEC and non-OPEC will be held in February, a specific date is now being agreed.