EnergyMIn Novak: Russia to attend talks with OPEC this month – TASS

Russian Energy Minister Alexander Novak told reporters over the weekend, Russia’s energy officials with attend talks with OPEC countries in Vienna on November 26-28 ahead of the OPEC ordinary meeting, according to TASS.

Key Quotes:

"One should move ahead step by step. The next stage is November 26-28 when experts will come together again so as before the OPEC meeting scheduled for November 30 to look through the figures once more"

"So freezing means for us that we will not increase it"

"Essentially, it is a contribution that, owing to a growing demand expected to stand between one and 1.2 million barrels per day, we will not seek to cover this demand by increasing our own output and the surplus on the market might be reduced through these mechanisms"