Email
Password
Remember meForgot password?
    Log in with Twitter

article imageRussia confirms ready to cut oil output by 300,000 barrels per day

By AFP     Nov 30, 2016 in Business

Russian Energy Minister Alexander Novak, responding to a decision by OPEC Wednesday to reduce crude output to lift prices, said Russia was ready to cut its own oil production by 300,000 barrels a day next year.

"Russia will progressively reduce its oil production by 300,000 barrels a day in the first half of 2017," Novak was quoted by the state agency Ria-Novosti as saying, adding the move was conditional on the OPEC decision being "upheld."

More about Opec, Energy, Oil, Output, Russia
More news from