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2018-09-12 11:50:00

OPEC CAN INCREASE

OPEC CAN INCREASE

PLATTS - Russia's energy minister Alexander Novak believes the countries taking part in the OPEC-led production cut deal are capable of increasing the combined crude output further to cover potential shortages in the market and expect oil prices would likely correct down in the upcoming winter season on lower demand.

The comments came amid concerns that OPEC-led alliance may not be able to offer new extra barrels to the markets to cover potential deficit that may…

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Tags: OPEC, RUSSIA, OIL, PRODUCTION, PRICE
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