OPEC - RUSSIA CONSULTATIONS
PLATTS - The OPEC-led coalition plans to conduct consultations with various countries on potential gradual increase in oil production ceilings within the next weeks, with the changes likely to be implemented in the second half of the year, Saudi Arabia's energy minister Khalid Al-Falih said Friday.
OPEC has begun consultations with Russia and plans to contact other countries in coming weeks to discuss potential change in the production cut quotas as the group is close to reaching its goal of market rebalancing, Falih said.
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