Russia's Novak: can't say if it's time to deepen oil output ...:
Russian Energy Minister Alexander Novak said on Tuesday that he could not say for sure if it was time to tighten oil output curbs amid an outbreak of a new coronavirus and slump in oil prices.
He also said that the Organization of the Petroleum Exporting Countries (OPEC) and its allies led by Russia, a group known as OPEC+, might convene before the meeting which is currently scheduled for early March.
Three OPEC+ sources and a industry source familiar with the discussions told Reuters on Monday that OPEC+ were considering cutting their oil output by a further 500,000 barrels per day (bpd) due to the impact on oil demand from the coronavirus.
"I can't tell you about concrete proposals... It is important now to evaluate the situation and evaluate the right forecasts. There are lots of uncertainties, maybe those are panic attacks," Novak told reporters.
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