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Russia says too soon to talk of extending global oil output curbs

Reuters  |  HOUSTON 

By Liz HamptonHOUSTON (Reuters) - It is too soon for the world's top oil exporters to discuss extending a historic deal to curb output beyond June, Russian Energy Minister Alexander Novak said on Monday.Non-OPEC producers such as Russia and Kazakhstan joined OPEC-led production cuts that have lifted global oil prices more than 10 percent since they were approved in November. The agreement expires in June."It's premature to talk about extending the agreement," Novak told reporters at the CERAWeek industry gathering in the U.S. energy capital of Houston.Russia agreed to cut output by 300,000 ...

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First Published: Tue, March 07 2017. 03:01 IST
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