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.

Photographer: Christian Marquardt/Getty Images

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.

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