Russia's Novak speaking from OPEC
Russia's energy minister Novak is speaking from in Vienna after the conclusion of the OPEC meeting. He says:
- Russia's quota remains unchanged
- pledged oil output cut remains at 228K B/D (unchanged)
- OPEC countries decided not to include condensates in their quotas
- OPEC+ agree to cut output by extra 500K B/D
- Russia to cut 70K B/D out of total 500K B/D reduction (not including condensates).
Crude oil prices are marginally lower at $-0.15 or -0.18% of $58.25
