OREANDA-NEWS. OPEC+ countries at a meeting in Vienna in December will take into account the slowdown in US oil production growth over the past few months. It’s too early to talk about intensifying the reduction in production, the mechanism of restrictions is not unlimited, Deputy Head of the Ministry of Energy of the Russian Federation Pavel Sorokin said in an interview with TASS on the sidelines of the Russia-Africa summit.

"The OPEC+ mechanism has shown its effectiveness, but it is not infinitely effective. That is, there is still a limit - how much can be taken on and what actions can be taken", he said.

“We continue to monitor the situation for such uncertainties. But again, you look at the USA - you will also see a very strong slowdown in production growth in the last three to four months. There is no growth. De facto drilling efficiency in the United States over the past two years has been almost not growing, it fluctuates around one level", said Sorokin.

According to the deputy head of the Ministry of Energy of the Russian Federation, it is necessary to track how the situation in American production will develop until December at the current price of oil.