Oil producers to keep output freeze talks on standby if prices weaken
Dubai
RUSSIAN energy minister Alexander Novak has a contrarian message for those who question the wisdom of freezing global levels of oil output.
Despite the collapse of talks on restraining production among Opec and non-Opec members earlier this year, he thinks the discussions were a success that might soon be repeated.
"It (the build-up to the meeting) paved the way for a reversal of negative trends in the oil markets," he told reporters…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Gold edges down as Middle East worries ebb
Oil rises as dollar slips, focus shifts to economic data
California to wrap up ExxonMobil plastics probe ‘in weeks’, AG says
Gold edges higher; hovers near one-week low on tempered Middle East fears
Why has gold’s inverse relationship with the US dollar reversed?
Oil futures fall as fears of a wider Middle East war fade