• Rusian Energy Minister, Novak: hoping for clarification on OPEC's oil stabilisation steps

Market news

10 October 2016

Rusian Energy Minister, Novak: hoping for clarification on OPEC's oil stabilisation steps

  • Planning to meet OPEC sec gen Wednesday

  • Expects clarification from OPEC on its further steps in stabilising the oil market

  • Is discussing possible output freeze with Russian oil companies

  • Possible decision on Russian output freeze to depend on OPEC decisions

  • If OPEC proposes for Russia to cut output, Moscow would consider

  • Russia prefers a freeze rather than a cut

*forexlive

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