BENEFIT FOR RUSSIA
PLATTS - Russia has benefitted significantly from the OPEC/non-OPEC production agreement, which prevented further oil price drops, energy minister Alexander Novak said Thursday, in a sign that Russia remains committed to the deal, despite recent criticism from Rosneft CEO Igor Sechin.
"The mathematics is simple: a 2% cut in crude output resulted in a nearly 100% increase in price," Novak said, speaking at the Russian Investment Forum in Sochi.
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