FILE PHOTO: Russian Energy Minister Alexander Novak adjusts glasses during a meeting chaired by Prime Minister Dmitry Medvedev in Astrakhan, Russia August 30, 2019.
Asked if Russia still should cut its oil output to fully comply with the global deal, Novak said that parameters of the global oil output deal have not been changed.“If there is a need, in case of an emergency, we always can get together and discuss some other parameters. But it is too early to talk about it now.”
Novak said there is enough oil in commercial stockpiles worldwide to cover the shortfall of supplies from Saudi Arabia.
Source: Energy Industry News (energyindustrynews.net)
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