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OPEC waiting for Russia before deciding level of oil cut

Five delegates said the group was waiting for news from Russia as Energy Minister Alexander Novak flew back from Vienna on December 5 for a possible meeting with President Vladimir Putin.

December 06, 2018 / 02:07 PM IST

OPEC has made a planned cut in oil output effectively conditional on the contribution from non-OPEC producer Russia, OPEC delegates said on December 6 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 December 5 for a possible meeting with President Vladimir Putin.
Reuters
first published: Dec 6, 2018 01:54 pm