30 Nov 2018
Russia Energy Min Novak: OPEC/non-OPEC producers comfortable with the current oil prices
Russian Energy Minister Alexander Novak was out on the wires in the last hour, via TASS news agency, saying that OPEC/non-OPEC producers were comfortable with the current oil prices and will reach an agreement on oil deal for 2019.
Additional quotes:
• Not considering the option of Iran oil shipments via Russia.
• US sanctions on Iran are already priced in by markets.
• Plans to maintain average October oil output level until year end.
• All OPEC, non-OPEC deal members should comply to deal with no exceptions.
• Russian oil companies have agreed to change oil output levels in 2019 if needed.