OPEC+ wants to maintain current oil prices

In an interview with the Kommersant newspaper,Vagit Alekperov, the head of Russia's No. 2 oil producer Lukoil  said that oil prices of US $65-$75 were "comfortable" for customers and that the OPEC+ want to maintain that price range by regulating output; however, depending on the situation.

"For now September 2022 will mark a milestone when the restrictions should phase out. The company has up to 90,000 barrels a day of idle production, which we hope will be needed by the market."