Russia Sees No Need for Oil Freeze Talks Currently, Novak Says
- Russia ready to discuss freeze if other nations raise issue
- Novak may meet Saudi oil minister in Algiers next month
Alexander Novak.
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Russia sees no need for renewing discussion of an oil-output freeze at current crude prices, while leaving open the possibility for the future, Energy Minister Alexander Novak told journalists in Moscow Monday.
“A basis for this has yet to develop, considering prices are still at more or less normal levels,” Novak said. “If prices will fall then that necessity will most likely arise.”