Russian Energy Minister Says Cutting Oil Output Isn't Viable
- Russia to stick to strategy of maintaining crude output
- Energy minister comments as OPEC to meet on production
OPEC Curbs Met With Global Conditions by Saudis
This article is for subscribers only.
Russia will stick to its strategy of maintaining oil production and has no plans to take part in Friday’s OPEC meeting, said Energy Minister Alexander Novak.
“We don’t think cutting output is viable,” Novak told reporters in Moscow in response to questions about a report that Saudi Arabia would consider lowering oil production next year if certain non-OPEC countries follow suit. The nation will maintain output, he said.