January 15, 2020 / 10:48 AM / a month ago

Russia is ready to fulfill OPEC+ deal in January - Ifax

The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquarters ahead of the OPEC and NON-OPEC meeting, Austria December 6, 2019. REUTERS/Leonhard Foeger

MOSCOW (Reuters) - Russia is ready to comply with the OPEC+ oil output cut deal in January, Russia’s Interfax news agency quoted Energy Minister Alexander Novak as saying on Wednesday.

“Naturally, we have our obligations, we will fulfill them,” he said.

OPEC+ has been capping its output since 2017 to balance out supply and demand on the global oil market as well as to prop up oil prices.

Reporting by Vladimir Soldatkin; Writing by Anastasia Teterevleva; editing by Louise Heavens

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