Russia 'on board' with agreement to cap oil output: Opec chief

Dubai

RUSSIA, the world's biggest energy producer, is "on board" with an Opec (Organization of the Petroleum Exporting Countries) agreement to limit crude oil production to help rebalance the market, according to Opec secretary-general Mohammed Barkindo.

Opec producers remain committed to an agreement reached last month in Algiers to trim output, and cooperation from non-Opec producers will help bring the oil market back into balance, Mr Barkindo told reporters at an energy conference in Abu Dhabi.