Russia, Saudi seek raised OPEC output of 1.5 million bpd
Russian Energy Minister Alexander Novak (C), pictured with his Saudi counterpart Khaled al-Faleh (L) at a meeting of OPEC and non-OPEC members in April, 2018 (AFP Photo/Amer HILABI)/ Moscow (AFP) - Russia and Saudi Arabia will ask OPEC to hike production by 1.5 million barrels a day in the third quarter of 2018, Russian Energy Minister Alexander Novak said on Saturday. OPEC and Russia decided together in 2016 to cut their supply in order to push prices up following a crash induced by a global crude production glut. An oil production ...
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