Russia resists – no guarantee for OPEC reductions

"Not everybody is ready to cut equally. Russia is not ready for a substantial cut," says Saudi Arabia's oil minister about the talks.

By Ritzau Finans

There is no certainty that OPEC and Russia will be able to reach an agreement on Friday for production cuts in order to raise oil prices, informed Saudi Arabian oil minister Khalid Al-Falih at the OPEC meeting on Thursday in Vienna, where the cartel included Russian in its meeting, called OPEC+, in order to discuss possible production cuts.

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OPEC and Russia close to decreasing oil production
Saudi Arabia: Still too early to promise reduced production
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