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Russia Does Not Rule Out Extension of OPEC Oil Production Cut


May 22, 2018

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



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