March 26, 2019 / 12:47 PM / a month ago

OPEC, non-OPEC may hold JMMC meeting in Jeddah on May 19 - Russia's Novak

FILE PHOTO: Russian Energy Minister Alexander Novak arrives at the OPEC headquarters in Vienna, Austria December 7, 2018. REUTERS/Leonhard Foeger/File Photo

MOSCOW (Reuters) - Russian Energy Minister Alexander Novak said on Tuesday that OPEC and its allies may hold a ministerial monitoring committee meeting known as the JMMC on May 19 in Saudi Arabia’s city of Jeddah.

Russia is in the process of achieving its planned oil production cuts as part of the global oil deal between Russia, OPEC and some other oil exporters, Novak said.

Reporting by Olesya Astakhova; writing by Tom Balmforth; editing by Polina Devitt

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