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- Russian Energy Minister Alexander Novak is not confident if oil producers could agree to freeze the oil production at the meeting in June
Russian Energy Minister Alexander Novak is not confident if oil producers could agree to freeze the oil production at the meeting in June
Russian Energy Minister Alexander Novak said on Wednesday that he was not confident if oil producers could agree to freeze the oil production at the meeting in June. He noted that Saudi Arabia had a capacity to rise its oil output, adding that Russia was also able to increase its oil output.
Novak noted that it could happen that there would be no need in a deal on the freeze on the oil output in June as the oil market could start to rebalance.
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