Russian min: No reasons to limit oil output at current prices

MOSCOW, Sep 1 (PRIME) -- Russia does not see a necessity to limit oil production at current oil prices, but is open for discussion, Energy Minister Alexander Novak told PRIME on Thursday.

“We are always open for discussion, for monitoring the situation, everything will depend on whether there is feasibility,” he said.

“In my opinion, now prices are at around U.S. $50 (per barrel) – normal prices, if prices fall, then we can study this issue more actively,” Novak said.

End