Russia does not rule out extension of OPEC oil production cut: speech

MOSCOW (Reuters) - Russia's energy ministry does not rule out a global oil production cut deal led by OPEC and Moscow being extended to 2019, Roman Marshavin, head of its international cooperation department, said in the text of a speech obtained by Reuters. In the speech, which was dated May 22, Marshavin said that the question will be discussed at a meeting between OPEC and other producers. The next meeting of OPEC members plus Russia and other non-OPEC producers is scheduled for next month in Vienna.

Reuters May 23, 2018 00:08:05 IST
Russia does not rule out extension of OPEC oil production cut: speech

Russia does not rule out extension of OPEC oil production cut speech

MOSCOW (Reuters) - Russia's energy ministry does not rule out a global oil production cut deal led by OPEC and Moscow being extended to 2019, Roman Marshavin, head of its international cooperation department, said in the text of a speech obtained by Reuters.

In the speech, which was dated May 22, Marshavin said that the question will be discussed at a meeting between OPEC and other producers.

The next meeting of OPEC members plus Russia and other non-OPEC producers is scheduled for next month in Vienna.

(Reporting by Olesya Astakhova; Writing by Katya Golubkova; Editing by Alexander Smith)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

also read

Cryptocurrency prices tumble and exchange trading falters as snags crop up
News & Analysis

Cryptocurrency prices tumble and exchange trading falters as snags crop up

NEW YORK (Reuters) -The price of cryptocurrencies plunged and crypto trading was delayed on Tuesday, a day in which El Salvador ran into snags as the first country to adopt bitcoin as legal tender. Shares of blockchain-related firms also fell as crypto stocks were hit by trading platform outages. But the major focus was on El Salvador, where the government had to temporarily unplug a digital wallet to cope with demand.

Ford poaches Apple's car project chief Doug Field
News & Analysis

Ford poaches Apple's car project chief Doug Field

By Joseph White and Sanjana Shivdas (Reuters) -The head of Apple Inc's car project, Doug Field, is going to work for Ford Motor Co to lead the automaker's advanced technology and embedded systems efforts, a hiring coup for Ford Chief Executive Jim Farley.