Russia will carefully consider extending its oil output reduction agreement with...
Russia's Finance Minister Anton Siluanov speaks during a session of the VTB Capital Investment Forum"Russia Calling!" in Moscow, Russia, November 28, 2018. REUTERS/Maxim Shemetov
Moscow will weigh, in particular, the deal’s positive effect on oil prices against losses in market share to United States companies, he said. “Of course, we need price stability and predictability, this is good,” he said. “But we see that all these deals with OPEC result in our American partners boosting shale oil output and grabbing new markets.”
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