Key oil ministers and company executives will gather in Russia later this week for the St. Petersburg International Economic Forum, and expectations are that the business meeting will provide the venue for some talks and comments about the OPEC-Russia production cut deal and the sanctions on Russia. Attendees will include Saudi Arabia’s Energy Minister Khalid al-Falih, OPEC Secretary General Mohammad Barkindo, and the UAE’s Energy Minister and current OPEC president Suhail al-Mazrouei. They are expected to discuss the current oil market conditions and the recent rise in oil prices, according to Platts . The St. Petersburg forum comes just a month before the OPEC summit in Vienna in June, at which the countries participating in the global production cut deal are expected to review the state of the oil market and possibly adopt new metrics to measure the agreement’s success. By the current metric—the five-year average of OECD commercial […]