Bloomberg reports the analysts from Fitch Ratings Inc. and IHS Markit Inc. say that Russia has indicated it would welcome a return to production growth in recent months. That’s back on the agenda after pledges by Saudi Arabia and its Persian Gulf allies to fill the supply gap created by tighter U.S. sanctions on Iran.

Moscow “sees a place for its extra barrels in the market,” said Maksim Nechaev, Russia director for IHS Markit. The country has the means to increase production by around 300,000 barrels a day within a short period of time “and this is probably the message that Russia will bring.”

Russia’s Energy Ministry did not immediately reply to a Bloomberg request seeking comment on the nation’s position at the weekend talks in Jeddah.

While it may appear that the interests of Saudi Arabia and Russia - the two most powerful members of the OPEC+ coalition - are coming into alignment, it’s by no means certain that the meeting in Jeddah on Sunday will lay the groundwork for a formal production increase.