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Russia turns back to talks on oil output freeze
(MENAFN) Russian Energy Minister said on Monday that the world's top oil producer, sees no grounds for new talks on freezing oil production yet but is open to negotiations.
He told reporters: "If other countries raise the issue of a freeze, we are ready to discuss this."
"But the position of Russia is that the prerequisites for this have not yet come to pass, considering that prices are still at a more or less normal level."
The minster added that talks on freezing output could possibly happen if prices fall.
He told reporters: "If other countries raise the issue of a freeze, we are ready to discuss this."
"But the position of Russia is that the prerequisites for this have not yet come to pass, considering that prices are still at a more or less normal level."
The minster added that talks on freezing output could possibly happen if prices fall.
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