June 29, 2019 / 12:42 PM / 21 days ago

Novak says Russia, other producers support extending global deal

OSAKA, June 29 (Reuters) - Russian Energy Minister Alexander Novak said on Saturday that Russia and other oil producers have all supported a proposal to extend the global oil output cut deal, adding it would be better to extend production cuts by 9 months.

“I think the decision on extension is rather consolidated,” Novak said on the sidelines of the G20 summit in Japan’s Osaka ahead of OPEC and non-OPEC meeting in Vienna due next week.

Novak also said that the crisis over contaminated crude in a Russian-owned pipeline network was over. He said Russia now needs to deal with tainted crude oil that is kept in storage. (Reporting by Katya Golubkova Writing by Andrey Ostroukh Editing by Alexander Smith)

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