"In August, 129 percent," Novak said on the arrival for OPEC-non-OPEC Joint Ministerial Monitoring Committee (JMMC) meeting in Algiers scheduled for Sunday.
21 September 2018, 22:34 GMT
He added that the countries would discuss the situation on the oil market on Sunday.
Previously, three OPEC and non-OPEC sources told Reuters that OPEC and non-OPEC countries had agreed to review current oil production as a countermeasure to the lack of Iranian oil caused by the US sanctions.
9 August 2018, 14:52 GMT
Meanwhile, Saudi Arabia reportedly will not be able to produce 12 million barrels per day to cover Iranian oil exports once Washington introduces restrictions.
A senior US official told the Wall Street Journal that according to Washington’s estimates, Riyadh would not be able to boost its oil production to 12 million barrels a day.