May 22, 2018 / 5:01 PM / 3 months ago

Russia does not rule out extension of OPEC oil production cut: speech

MOSCOW (Reuters) - Russia’s energy ministry does not rule out a global oil production cut deal led by OPEC and Moscow being extended to 2019, Roman Marshavin, head of its international cooperation department, said in the text of a speech obtained by Reuters.

FILE PHOTO: A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo is seen during a meeting of OPEC and non-OPEC producing countries in Vienna, Austria September 22, 2017. REUTERS/Leonhard Foeger/File Photo

In the speech, which was dated May 22, Marshavin said that the question will be discussed at a meeting between OPEC and other producers.

The next meeting of OPEC members plus Russia and other non-OPEC producers is scheduled for next month in Vienna.

Reporting by Olesya Astakhova; Writing by Katya Golubkova; Editing by Alexander Smith

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