Russia's Novak does not expect new steps from OPEC+ meeting

FILE PHOTO: Russian Deputy Prime Minister Alexander Novak attends a session of the Russian-Chinese Business Forum in Shanghai, China, May 23, 2023. Sputnik/Dmitry Astakhov/Pool via REUTERS

(Reuters) - Russian Deputy Prime Minister Alexander Novak said on Thursday he expected no new steps from the OPEC+ group of oil producers at its meeting in Vienna on June 4, Russian media reported, after the group announced a significant output cut earlier this year.

Saudi Arabia and other OPEC+ oil producers announced cuts of more than one million barrels per day in April after crude prices in March fell towards $70 a barrel, the lowest in 15 months.