Saudi Arabia and Russia have reached preliminary agreements on a gradual increase in oil production in the OPEC+ countries in the coming months, and the development of the situation in the industry suggests that the countries have “taken the helm” of the global energy market again.

The information about the agreements was confirmed by the sources of the agency. We can talk about increasing production by two million barrels per day from August to December, the details are still being discussed.

The implementation of the agreement will be caused by the results of negotiations between Iran and the United States, which expect to agree on a return to the nuclear deal. The achievement of these agreements will lead to an increase in supply in the oil market due to the lifting of restrictions on Iranian exports.