Russia To Hold Additional Talks On Friday Ahead Of Vienna Dec. 10 Meeting

Russia To Hold Additional Talks On Friday Ahead Of Vienna Dec. 10 Meeting
Russia plans to hold additional talks on Friday with some OPEC and non-OPEC nations to discuss unresolved issues around a planned output cut ahead of a wider meeting on Saturday in Vienna.

Reuters

MOSCOW, Dec 9 (Reuters) - Russia plans to hold additional talks on Friday with some OPEC and non-OPEC nations to discuss unresolved issues around a planned output cut ahead of a wider meeting on Saturday in Vienna, a Russian government source told Reuters on Friday.

"Russia sees risks ahead of the deal if questions are not resolved," the source said. "One hundred percent compliance is critical for the deal... It's essential for non-OPEC to have a responsible approach towards the deal."

The source said that there were also questions regarding compliance by OPEC, pointing to an increase in oil production by the group in November. Output from the Organization of the Petroleum Exporting Countries rose by 370,000 barrels per day in November, according to a Reuters survey.

The Russian energy ministry did not immediately reply to a Reuters request for comment. Russian Energy Minister Alexander Novak plans to attend Dec. 10 talks in Vienna.

(Reporting by Katya Golubkova; Editing by Christian Lowe)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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