In the opinion of Saudi Energy Minister Khalid al-Falih, OPEC+ compliance with the terms of the agreement will allow the oil market to reach a balance by the end of this year. This is the opinion he He voiced this opinion yesterday at a meeting of OPEC+ ministers in Baku. The event focused on the global demand for "black gold" this year and the expected level of oil production in the cartel member states. The meeting participants also discussed the dynamics of global GDP growth. The Minister of Saudi Arabia emphasized that the adherence of OPEC+ members to the agreement is an important precondition for the balance of oil market and stability of "black gold" prices till the end of the year, as media report. According to Agreement signed on December 7 last year, OPEC members were to limit oil production by 800,000 barrels per day, while the organization's allies were to limit production by 400,000 barrels per day. The terms of the agreement may be revised in April