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Russia has no intention of discussing reducing oil production with OPEC.

Pulbished on:
Moscow, 29.07.2015(Lana) Russian Minister of Energy, Alexander Novak said Wednesday that Russia has no intention of discussing reducing oil production with OPEC during the visit of OPEC Secretary General, Abdulla Al-Badri to Moscow tomorrow. The Russian news agency Interfax quoted Navok as saying that he sees nothing out of the familiar in oil markets, describing the crude price of 50 to 65 dollars as expected matter. OPEC decided to keep the oil production ceiling without change to defend its market share. Russia, the largest oil producing country outside OPEC, refused to take any measure to support the crude price which fell to less than half since last year. =Lana=