OPEC plans to put pressure on Russia for oil output cuts - Saudi Minister

  30 November 2016    Read: 1601
OPEC plans to put pressure on Russia for oil output cuts - Saudi Minister
The Organization of the Petroleum Exporting Countries (OPEC) will continue to insist on Russia cutting, not just freezing oil production after the organization finalizes its own agreement, Saudi Energy Minister Khalid Falih said Wednesday.
A freeze in production at November 2016 levels that Russia proposed, arguing that it would constitute output cuts against plans for 2017, does not correspond to what OPEC is trying to achieve in Vienna, Falih told reporters.

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