Markets

Russia confirms ready to cut oil output by 300,000 barrels per day

Published December 1, 2016 Updated December 1, 2016 12:09pm

"Russia will progressively reduce its oil production by 300,000 barrels a day in the first half of 2017," Novak was quoted by the state agency Ria-Novosti as saying, adding the move was conditional on the OPEC decision being "upheld."

 

Copyright APP (Associated Press of Pakistan), 2016