OPEC waiting for Russia before deciding level of oil cut

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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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