OPEC waiting for Russia before deciding level of oil cut


The logo of the Organisation of the Petroleum Exporting Countries (OPEC) is seen at OPEC’s headquarters in Vienna, Austria December 5, 2018. REUTERS/Leonhard Foeger

VIENNA (Reuters) – OPEC has made a planned cut in oil output effectively conditional on the contribution from non-OPEC producer Russia, OPEC delegates said on Thursday as the group gathered for a meeting in Vienna.

Five delegates said the group was waiting for news from Russia as Energy Minister Alexander Novak flew back from Vienna on Wednesday for a possible meeting with President Vladimir Putin.

Reporting by OPEC Newsroom; Editing by Dale Hudson

Products You May Like

Articles You May Like

Florida set to execute man convicted of killing woman during burglary
Starbucks partners with UberEats for delivery in U.S., to double China stores
After May asks for help, Germany’s Merkel says no more Brexit negotiations
Box Office: ‘Spider-Man: Into the Spider-Verse’ Swings to $35 Million Debut, ‘Mortal Engines’ Sputters
Exclusive: T-Mobile, Sprint see Huawei shun clinching U.S. deal – sources

Leave a Reply

Your email address will not be published. Required fields are marked *