May 7, 2018 / 10:10 AM / 3 months ago

Russia's Novak pledges 100 percent compliance with OPEC+ deal in May

MOSCOW (Reuters) - Russian Energy Minister Alexander Novak said on Monday that Russia is committed to reaching 100 percent compliance with an international pact led by the Organization of the Petroleum Exporting Countries (OPEC) to reduce oil output in May.

FILE PHOTO: Russian Energy Minister Alexander Novak speaks during a news conference of the 4th OPEC-Non-OPEC Ministerial Monitoring Committee in St. Petersburg, Russia, July 24, 2017. REUTERS/Anton Vaganov/File Photo

Russia’s oil output stood at 10.97 million barrels per day in April, unchanged from an 11-month high in March and above a target set under a deal with other oil producers on curbing output. [nL8N1S925P]

Reporting by Denis Pinchuk; Writing by Polina Ivanova; Editing by Louise Heavens

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