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Russia, ahead of OPEC+ meeting, calls Saudi's move to boost output irrational: TASS

Alexander Novak said on Sunday that Saudi Arabia's decision to increase oil output was irrational. Novak and S
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By Reuters
  • Alexander Novak said on Sunday that Saudi Arabia's decision to increase oil output was irrational.
  • Novak and Saudi Energy Minister Prince Abdulaziz bin Salman will chair the meeting on crude output later on Sunday.

MOSCOW: Russian Energy Minister Alexander Novak said on Sunday that Saudi Arabia's decision to increase oil output was irrational, Russian state news agency TASS reported, before OPEC and non-OPEC countries hold an online meeting.

Novak and Saudi Energy Minister Prince Abdulaziz bin Salman will chair the meeting on crude output later on Sunday after the group known as OPEC+ outlined plans on Thursday to cut oil production by more than a fifth support prices hit by the coronavirus crisis.

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