OPEC Stands by Russia, Says White House

The Organization of the Petroleum Exporting Countries (OPEC) has taken a stance alongside Russia by cutting production. This announcement was made by the White House. TASS reports on this development.

It is noted that OPEC's Ministerial Committee has advised member countries to sharply reduce oil production by 2 million barrels per day, a move that could lead to an increase in global oil prices. The White House has described the organization's decision as a 'disaster' and an unfriendly step.