Russia is in general ready to back a freeze of oil production, Economic Development Minister Alexei Ulyukayev reported.
“We’ve already said that we are ready to support efforts in freezing oil production. The level of the freeze is a question that has to be discussed, but in general we are ready to support the idea”, Ulyukayev said.
OPEC agreed to limit daily oil output at 32.5-33.0 million barrels last Wednesday and on November 30, the cartel will set ceilings for each country. (Prime/Business World Magazine)