Russia’s Rosneft says leaving the Opec supply-cut pact will be a challenge
Moscow — Russia’s Rosneft, the world’s top listed oil company by output, sees the exit from a global oil production-cutting deal as a serious challenge, a spokesman for the firm said. Russian energy minister Alexander Novak met Russian oil company executives in Moscow on Wednesday ahead of talks in Vienna at the end of November between oil cartel Opec and non-Opec producers. The ministry said Russian domestic oil producers are committed to a global deal to cut oil output, adding that Novak and the companies would continue consultations on the global oil market situation. Another meeting was scheduled in a week, oil company officials told reporters. "The discussions are continuing," said Alexander Dyukov, the head of Gazprom Neft. "The agreement that was signed and has been effective since July ... not so much time has passed since. That’s why we need to continue monitoring. We will gather in a week and will discuss." The gathering in the Austrian capital could decide to extend the c...
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