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OPEC tentatively agrees oil cut, waits for Russia to commit

Reuters  |  VIENNA 

By Rania El Gamal, Ahmad Ghaddar and Olesya AstakhovaVIENNA (Reuters) - OPEC tentatively agreed an oil output cut on Thursday but was waiting for a commitment from non-OPEC heavyweight Russia before deciding the exact volumes for a production reduction aimed at propping up crude prices, two sources from the group said.Russian Energy Minister Alexander Novak flew home from Vienna earlier for talks with President Vladimir Putin in St Petersburg. Novak returns to Austria's capital for discussions among Saudi-led OPEC and the group's allies on Friday.Graphic: Difference in OPEC oil output between ...

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First Published: Thu, December 06 2018. 23:02 IST