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No oil production cuts on table, Russia says

stander
stander
in Oil, Gas and Energy News

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MOSCOW, Sept. 22 (UPI) -- Russia's energy minister said Thursday there are no proposals on the table to cut crude oil production, though a move to hold levels steady is under review.

Ministers at an international energy conference next week in Algeria may review a revised consideration to hold production levels steady in an effort to support higher crude oil prices. Oil prices are down from $100 per barrel in 2014 in part because supplies have outweighed demand in a global economy still struggling to put the last recession in the rear-view mirror.

http://www.upi.com/No-oil-production-cuts-on-table-Russia-says/7481474543330/?nll=1

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