01 November 2016, Moscow — The Kremlin hopes that a consensus between OPEC and non-OPEC oil producing nations on capping oil output can be reached, a Kremlin spokesman told reporters on Tuesday.
“Work on this is still ongoing… The positions of the overwhelming majority of countries coincide,” Dmitry Peskov said.
Non-OPEC members such as Russia made no specific commitment about joining OPEC in capping output at a meeting with the oil cartel last week. A day earlier, OPEC itself was unable to agree on how to implement a global deal.
*Denis Pinchuk; editing – Andrew Osborn & Vladimir Soldatkin – Reuters