Decision On Oil Cut Only Possible If All Exporters Agree, Russian Energy Minister Says
- Venezuela called for emergency summit of OPEC, non-OPEC states
- No meeting has been confirmed, Russian energy minister says
Novak: A Cut in Oil Production? Not so Fast!
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A decision on cutting oil production is possible only if all crude-exporting nations are in agreement and there’s no timing for talks, Russia’s Energy Minister Alexander Novak said.
“We’re ready to discuss the issue of cutting oil output volumes” but not ready for a decision, Novak said Friday in an with Bloomberg Television. “We’re ready to consider the possibility; this should be a consensus. If there’s a consensus, it makes sense.”