Russia Prefers OPEC+ Leaving Oil Production Unchanged

Russia would prefer its partners of the OPEC+ group to leave oil production unchanged when it meets next week, as Moscow is okay with the current oil prices and production quotas, sources with knowledge of the Russian position told Reuters on Friday. OPEC+, which will hold a meeting on June 4, surprised the market a day ahead of the previous meeting in early April after several major OPEC+ producers, including Saudi Arabia and the United Arab Emirates (UAE), said they would collectively cut more than 1 million barrels per day (bpd) from…