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Russia Says Oil Output Freeze Not Needed With Price Near $50

  • If prices fall, Russia will consider resuming discussions
  • Russia comments before OPEC talks in Algiers on Sept. 26-28
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Russia sees no need for talks with other major oil exporters on freezing output with prices at around $50 a barrel, according to the Energy Ministry in Moscow.

If prices fall, then Russia will consider resuming discussions, the ministry’s press service cited Energy Minister Alexander Novak as saying.