Thursday, 5 December 2019

Russia cutting even more oil output than agreed under OPEC+ pact: energy minister - Reuters

Russia cutting even more oil output than agreed under OPEC+ pact: energy minister - Reuters:

Russian energy minister Alexander Novak said on Thursday Russia was currently cutting even more oil output than agreed under an OPEC+ pact to curb supply, without taking into account gas condensate.

Speaking at an OPEC+ meeting in Vienna, Novak said he had had a “constructive meeting” with the oil minister of Saudi Arabia and that Russia would adopt a position on any future OPEC+ deal after further discussions.

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