Russia’s Novak: Will discuss oil output boost proposal in June

Dhwani Mehta FXStreet

Russia’s Energy Minister Alexander Novak is on the wires now, via Interfax, making some comments after Reuters quoted sources saying that the OPEC and non-OPEC are discussing increasing oil output by around 1 mbpd.

Key Points:

Russia will fully implement OPEC and non-OPEC oil pact in May.

We will discuss all the proposals in June when asked about possible oil production increase by 1 mln bpd.

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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