Russian Energy Minister Alexander Novak said on Sunday that Moscow will be fully compliant with OPEC-led supply cuts over the coming weeks.
div > div.group > p:first-child"> "As far as the meeting is concerned we, of course, discussed the situation with the execution of the agreement we stressed once again that Russia is discharging its obligations in accordance with the agreement to smoothly achieve the target output," Novak told CNBC's Dan Murphy in Baku, Azerbaijan, according to a translation.
The Middle East-dominated group, alongside non-OPEC allies such as Russia, agreed to reduce output by 1.2 million barrels per day for six months. Saudi Arabia's Energy Minister, Khalid al-Falih, said on Sunday he was"optimistic" about the prospect of continued commitment to the OPEC-led production cuts.
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