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OPEC+ is scheduled to meet in the Austrian capital of Vienna in April for an extraordinary general meeting.

The event then will feature a presentation on the pace of oil market development.

OPEC+ provides main support to the oil market.

Russia will cut production by 228.000 barrels per day.

The JMMC includes major oil producers Saudi Arabia and Russia and monitors the oil market and conformity levels with supply cuts.

OPEC members agreed to trim 800.000 barrels a day from October’s production levels for six months through June of this year.

18 ministers had already confirmed they would attend the event.

The rebalancing of the global oil market was a work in progress.

Tehran is set to host the 15th round of the commission. The date of the event will be announced later.

Iran’s daily gas production from the field now exceeds that of Qatar.