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World oil prices

All Russian oil companies agree to cut output by end of 2018 — Novak

"This is our common vision, our common stance," Novak said

VIENNA, November 30. /TASS/. All Russian oil companies told the Russian energy ministry they supported extending the agreement on oil output cuts until the end of 2018, Russian Energy Minister Alexander Novak told reporters on Thursday.

"Indeed, we maintain regular contact with heads of the companies on our market that extract [oil], and we discuss the current situation all the time. Of course, before discussing it [extension of the oil output cut deal] at the level of ministers here today, we discussed it and coordinated our approaches. This is our common vision, our common stance," Novak said.

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