OPEC and other leading oil producers may consider easing oil output restrictions at their meeting in March, Russian Energy Minister Alexander Novak said in an interview aired on Monday.

       The Organisation of the Petroleum Exporting Countries and its allies， including Russia, known as 0PEC+， this month decided to prolong its oil output restriction deal until the end of March and to deepen the cuts in order to balance out the oil market.

       It agreed to convene again in early March to discuss policy.

       “We can consider any options, including gradual easing of quotas, including continuation of the deal," Novak told Russia’s RBC TV in an interview recorded last week.

       “Everything will depend on how the situation develops in March and on the forecasts for the following quarters... At the moment，the situation is more or less stable on the market.”

       He said Russia' s 2019 oil output was seen at a record-high 560 million tonnes (11. 25 million barrels per day) C -RU-OUT and natural gas output at 737 billion cubic metres.