No proposal to alter oil pact despite Venezuela, says Russian minister

14/02/2019 Argaam

 

Russian Energy Minister Alexander Novak said there are risks for global oil markets from the political crisis in Venezuela, yet there are no proposals to reverse the global oil production cut deal, Reuters has reported.

 

Novak said Russia has cut its oil production under a pact between OPEC and non-OPEC producers by 80,000-90,000 barrels per day from its level in October, Moscow’s reference level for its cuts.

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