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Russia ready to cut oil output by 300,000 bpd in H1, as agreed with OPEC

Sify Wednesday, 30 November 2016 ()
MOSCOW (Reuters) - Russia is ready to "gradually" cut its oil production by up to 300,000 barrels per day in the first half of 2017 as a part of its agreement with OPEC, Russian Energy Minister
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News video: Oil prices surge up on output cut hopes

Oil prices surge up on output cut hopes 01:05

Oil prices rose to three-week highs on Monday amid expectations that OPEC is moving close to a deal to cut output when it meets next week. Brent crude went up to 47.94 a barrel, its highest since the start of the month, a five-percent rally no doubt also fuelled by comments from the Russian...

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