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OPEC, Russia should cut oil into 2020 if U.S. output booms: Lukoil
March 23, 2018 / 9:53 AM / a month ago

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

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.

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

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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