OPEC+ may offer big projects to oil companies from member states, Russian Energy Minister Alexander Novak said at a meeting with his Saudi counterpart Khalid Al-Falih, the Russian Energy Minister said on its website. “Russia would like the Joint Ministerial Monitoring Committee, which has proved effective, to continue its activities,” Novak said. “We are ready to discuss the expansion of the tools it uses to exchange information on the oil market situation. In addition, the committee may help implement big projects involving companies from OPEC+ countries,” he added. On Sunday, Algeria is hosting a meeting of the Joint Ministerial Monitoring Committee, which is expected to discuss actions OPEC+ countries will take in the wake of sanctions on Iran and the declining oil production in Venezuela, Mexico and some other states. Oil production quotas There is no need for OPEC+ to […]