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OPEC oil cuts at risk as Russia yet to commit

Reuters  |  VIENNA 

By Rania El Gamal and Ahmad GhaddarVIENNA (Reuters) - OPEC and its allies are working towards cutting oil output by up to 1.5 million barrels per day but could fail to reach a deal if no compromise is found with non-OPEC Russia, the Saudi energy minister said on Thursday.As the Organization of the Petroleum Exporting Countries gathered in Vienna, it awaited news from Russian Energy Minister Alexander Novak, who flew home from the Austrian capital earlier for possible talks with President Vladimir Putin. Novak returns to Vienna on Friday for discussions among Saudi-led OPEC and the group's ...

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First Published: Thu, December 06 2018. 18:26 IST