Russia’s energy ministry said on Monday that OPEC and its oil-exporting allies would factor in the slowdown of U.S. oil output growth when they meet to discuss their output agreement in December, the TASS news agency reported. It is too premature, however, to talk about deeper production cuts, TASS cited Russian Deputy Energy Minister Pavel Sorokin as saying. The Organization of the Petroleum Exporting Countries, Russia and other producers – a group known as OPEC+ – have since January implemented a deal to cut oil output by 1.2 million barrels per day to support the market. …read more
Source:: Yahoo Finance
