Russia: No firm plans to coordinate oil output with Opec

Press Secretary Dmitry Peskov told reporters on Thursday that Russia is “actively discussing the instability of oil markets,” with Saudi Arabia and Opec

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Moscow: The Kremlin says there are no concrete plans to cut oil output in coordination with major producers Saudi Arabia and Opec.

Press Secretary Dmitry Peskov told reporters on Thursday that Russia is “actively discussing the instability of oil markets,” with Saudi Arabia and Opec, but, as of yet, there are no conclusions from the talks.

On Wednesday, Transneft head Nikolai Tokarev said talks on output cuts are planned with Saudi Arabia and Opec, with the Saudis as the main negotiators.

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