The OPEC+ group is unlikely to make any material changes next week to the plans to ease the production cuts over the next three months, Russia’s Deputy Prime Minister Alexander Novak told reporters in Moscow on Wednesday. OPEC+, which decided on April 1 to gradually return over 1 million barrels per day (bpd) on the market between May and July, has the next meetings of the Joint Ministerial Monitoring Committee (JMMC) and the ministers scheduled for April 28. “We have a meeting planned at the end of April to review the market situation once again. We made our plans a month ago, so if nothing out of the ordinary happens in the meantime, next week’s meeting will confirm those plans or tweak them,” Novak said. In early April, OPEC+ decided to gradually increase collective oil production by 350,000 bpd in each of May and June and by more than […]