Russia mulls oil output cut
Russia may cut oil production to shore up flagging prices, but its ability to change output is limited. |||
Moscow – Russia may cut oil production to shore up flagging prices, but its ability to change output is limited and no decision has been made yet, its energy minister said, underlining Moscow’s desire for a higher oil price. Before OPEC meets next week, Russia has already spoken to members Venezuela and Saudi Arabia about the need to support the oil market, and Moscow expects to send a high-ranking delegation to Vienna before the meeting to press …read more
Source: Independent Online
