Some whispers ahead of the press conference
The latest tweet by Amena Bakr, one of the more in-the-know journalists in covering oil and OPEC matters:
“Delegate tells @energyintel that Russian minister Novak is not happy with the proposed quota for the cut #OOTT”
Russia has always been the thorn in the side when trying to pursue the additional cuts but they got what they wanted with regards to the condensate exemption. Sure, they may voice out their dissatisfaction but I doubt they’d get in the way of the agreement.
The joint press conference is supposed to have started five minutes ago, but as expected, it is delayed for the time being. You can watch it live here.