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Russia - global oil output could be frozen at November level

Published 10/11/2016, 11:01
Updated 10/11/2016, 11:10
© Reuters. Russian Energy Minister Novak waits before a meeting of Russian President Putin with Chinese Premier Li Keqiang at Kremlin in Moscow
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MOSCOW (Reuters) - Russian Energy Minister Alexander Novak said on Thursday global crude oil output could be frozen at November levels if the world's leading oil producers reach an agreement on November 30.

Novak said he saw higher chances of reaching the agreement than before. Russia will take part in any meeting between OPEC and non-OPEC countries if such a meeting takes place.

© Reuters. Russian Energy Minister Novak waits before a meeting of Russian President Putin with Chinese Premier Li Keqiang at Kremlin in Moscow

Novak reiterated that it was highly important to reach the agreement on output on November 30. He said Russia would prefer the output to be frozen.

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