No decision related to global oil production was decreed in a meeting composed of producers of OPEP (Organization of Petroleum Exporting Countries) and allies in Abu Dhabi. The information was given by Russia's energy minister, Alexander Novak, in an interview with a Russian TV channel.
Even according to Novak, the current situation in the international oil market is largely stable, although U.S. sanctions on Iran have caused an impact on the sector.
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