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Russia's Novak to discuss possible oil cuts extension with oil majors on Tuesday - sources

Tue 26th May, 2020 9:50am
MOSCOW, May 26 (Reuters) - Russian Energy Minister Alexander
Novak is due to discuss the implementation of global oil
production curbs with oil majors later on Tuesday, four sources
familiar with the plans told Reuters.
    Three of them added that Novak also planned to discuss the
possible extension of existing cuts beyond June. The Energy
Ministry did not immediately respond to a request for comment.
    The Organization of the Petroleum Exporting Countries and
other leading oil producers including Russia, a group known as
OPEC+, agreed last month to cut their combined output by almost
10 million barrels per day in May and June to help stabilise
battered energy markets.

 (Reporting by Olesya Astakhova and Vladimir Soldatkin in
MOSCOW; Dmitry Zhdannikov in LONDON; Editing by Mark Potter)
 ((vladimir.soldatkin@reuters.com; +7 495 775 12 42;))
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