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

Raven chicks in the Tower ward off prophecy of doom for Brexit UK
May says Brexit legislation to have ‘improved package of measures’
Exclusive: Trump EPA did not await court ruling to loosen biofuel rules for refiners – documents
SpaceX postpones Starlink satellite launch again, for ‘about a week’
German finance minister expects OECD deal on digital tax in 2020

Leave a Reply

Your email address will not be published.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