Corporation Irkut: MS-21 first flight performed in routine modeBusiness & Economy May 28, 16:54
Ukrainian military launch more than 180 shells, mines on Donetsk within one dayWorld May 28, 16:36
Minister: Russia may supply 1,000 MC-21 planes to 2037Business & Economy May 28, 14:42
Lavrov: China, ASEAN interested in organization of Eurasian partnershipRussian Politics & Diplomacy May 28, 11:45
MC-21 airliner makes first test flight - sourceBusiness & Economy May 28, 11:00
Putin congratulates Border Guards on their professional holidayMilitary & Defense May 28, 10:57
Ukrianian court puts on hold lawsuit against ban on Russian social networksWorld May 28, 6:10
Russia’s Lasitskene wins high jump in Diamond League event in Eugene, USSport May 28, 4:59
Havana Airport gets Russian-made air traffic control systemsWorld May 28, 4:16
MOSCOW, November 24. /TASS/. There is only a tine probability that OPEC (Organization of the Petroleum Exporting Countries) countries might agree to cut oil production quotas but it is tiny, Russian Minister of Energy Alexander Novak said on Monday.
“Much will depend on the position of Saudi Arabia. Let us wait till November 27 to see what (OPEC) countries would do. In general, a probability that they reach such an agreement does exist, but it is too tiny,” Novak told the Rossiya-24 TV channel.
The role of the OPEC has shrank in the last 10 years and many countries do not meet its quotas. “We cannot call it collusion, we can call it competition,” he said.
OPEC will meet to discuss a reduction of oil production quotas on November 27 as prices have fallen by more than 20% in last six months.