Russia’s Novak: Output freeze or cut is the correct decision - RTRS

Dhwani Mehta FXStreet

Russia’s energy minister Novak hit the wires minutes after OPEC Secretary-General Mohammed Barkindo delivered comments on stabilizing oil markets, backing the case for an output cut or freeze.

His comments come just ahead of the informal talks in Vienna later this week on 28^th & 29^th October.

Key Headlines via Reuters:

Production freeze or cut is the correct decision

Will allow market to rebalance

Oil, gas consumption expected to grow in future

Cooperation between Russia and OPEC is intensifying

Short-term output cut would reduce market volume

Russia is a responsible player in the oil market

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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