OPEC waiting for Russia before deciding level of oil cut

Business

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

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