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OPEC-Russia oil output deal adjustment possible in Q2 2018 - Mr Dyukov

Gasoil News - Published on Tue, 13 Feb 2018

Image Source: yimg.com
Reuters quoted Mr Alexander Dyukov, Gazprom Neft Chief Executive as saying that an adjustment of the global oil production cut deal between OPEC and some non-OPEC members, including Russia, was possible in the second quarter of 2018.

Mr Dyukov said that the global oil market was close to the balancing point and hoped that the countries would rather agree to increase production, not to cut more. Russia has cut its oil production by over 300,000 barrels per day under the deal.

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Posted By : Nanda Koijam on Tue, 13 Feb 2018
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