NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

Russia's Novak to discuss possible oil cuts extension with oil majors on Tuesday, sources say

Published 26/05/2020, 10:14
© Reuters. Russian Energy Minister Alexander Novak attends the Energy Week International Forum in Moscow

MOSCOW (Reuters) - Russian Energy Minister Alexander Novak is due to discuss the implementation of global oil production curbs with oil majors later on Tuesday, four sources familiar with the plans told Reuters.

Three of them added that Novak also planned to discuss the possible extension of existing cuts beyond June. The Energy Ministry did not immediately respond to a request for comment.

© Reuters. Russian Energy Minister Alexander Novak attends the Energy Week International Forum in Moscow

The Organization of the Petroleum Exporting Countries and other leading oil producers including Russia, a group known as OPEC+, agreed last month to cut their combined output by almost 10 million barrels per day in May and June to help stabilise battered energy markets.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.