Russia Aims to Speed Up Oil Output Cuts
- Technnical limitations stand in the way of sharp curbs: Novak
- Al-Falih has said Russia’s cuts are slower than he’d like
Photographer: Andrey Rudakov/Bloomberg
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Russia is aiming to accelerate the pace of oil production cuts after its reductions drew criticism from Saudi Arabia.
“Of course, we will try to make the cuts faster,” Energy Minister Alexander Novak told reporters in Belgrade, Serbia. “We have our limitations of a technological nature, yet we will aim to reach the levels we agreed on.”