March 23, 2018 / 9:53 AM / 8 months ago

OPEC, Russia should cut oil into 2020 if U.S. output booms: Lukoil

FILE PHOTO: A man fixes a sign with OPEC's logo next to its headquarters' entrance before a meeting of OPEC oil ministers in Vienna, Austria, November 29, 2017. REUTERS/Heinz-Peter Bader/File Photo

LONDON (Reuters) - Lukoil vice-president Leonid Fedun said on Friday he believes OPEC and Russia should extend oil cuts into 2020 if U.S. oil output keeps booming.

Fedun said Russia’s second biggest oil producer should support Saudi Arabia’s idea of extending oil cuts into 2019.

Reporting by Dmitry Zhdannikov; Writing by Gabrielle Tétrault-Farber; Editing by Polina Ivanova

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