June 19, 2018 / 7:36 AM / 10 months ago

Lukoil head says global oil production cuts should be halved if oil at $75/bbl: Interfax

MOSCOW (Reuters) - The president of Russia’s second-largest oil firm Lukoil, Vagit Alekperov, said on Tuesday in an interview with news agency Interfax that oil production cuts should be halved if the oil price reaches $75 per barrel.

Alekperov also said that $75 per barrel was a fair price for oil and that Lukoil could restore its oil output to the same level as before the OPEC deal in 2-3 months.

Reporting by Katya Golubkova; Writing by Kevin O'Flynn; Editing by Catherine Evans

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