Tuesday 11 December 2018
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inquirer - 6 month ago

Russia backs OPEC oil output hike

VIENNA, Austria -- Russia on Saturday joined an OPEC-led pledge to boost oil production in response to growing global demand, capping a week of tense diplomacy for the grouping that averted a damaging rift between arch foes Iran and Saudi Arabia. Speaking after a meeting in Vienna, Russian Energy Minister Alexander Novak said the agreement would give the OPEC and non-OPEC countries cooperating in a landmark supply-cut pact the necessary flexibility to prevent the market overheating. The non-cartel co

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