Russia eyes an exit, while Saudi Arabia holds oil output curbs together - The National:
"Opec kingpin Saudi Arabia is set to maintain a global pact to curb oil output as prices top three-year highs even as Russia looks to ease off production restrictions to meet fiscal targets. It was “premature” to even talk about gradual easing of cuts at the Opec meeting in June, Saudi oil minister Khalid Al Falih told reporters after the exporter group’s monitoring committee meeting in Jeddah on Friday. He acknowledged, though, that any relaxation of current curbs will be done in a “gradual” and not a “binary manner”. His Russian counterpart Alexander Novak on the other hand, pressured amid threats of US sanctions over Moscow and a weak rouble, said a recalibration of the accord was in order."
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