Russia Sees 2-5 Months to Exit Oil Output Deal

Russian Energy Minister Alexander Novak said on Monday it would take two to five months to exit a global oil output cut deal with OPEC and non-OPEC countries if such a decision was taken. the Interfax news agency quoted him as saying.

Novak said that the deal had achieved two thirds of what it was intended to do. the agency reported.

About core

Check Also

IEA Trims Oil Glut Forecast as Supply Surge Halts

The oil market still faces record oversupply next year, according to the monthly report by …

Leave a Reply

Your email address will not be published. Required fields are marked *