Tags: EU | Austria | OPEC | Meeting

Russian, OPEC Ministers to Meet This Week on Oil Output Cuts

Tuesday, 06 December 2016 07:43 AM EST

VIENNA (AP) — Russia's energy minister says he will meet with OPEC oil ministers this week for talks expected to focus on production cuts aimed at driving up the price of crude.

Russia's TASS news agency cited Alexander Novak as saying Tuesday that he will be at the meeting in Vienna.

Saturday's talks will come less than a week after OPEC agreed to cut the cartel's oil output for the first time since 2008 and said Russia would follow suit.

The cut of 1.2 million barrels a day by the 13-nation Organization of the Petroleum Exporting Countries is to be effective as of January, with non-OPEC producers to account for an additional reduction of 600,000 barrels a day.

Russia has pledged a daily 300,000 barrel reduction as part of the tentative non-OPEC commitment.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
Russia's energy minister says he will meet with OPEC oil ministers this week for talks expected to focus on production cuts aimed at driving up the price of crude.Russia's TASS news agency cited Alexander Novak as saying Tuesday that he will be at the meeting in...
EU,Austria,OPEC,Meeting
132
2016-43-06
Tuesday, 06 December 2016 07:43 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved