Russia’s Novak: better to scrap oil output pact when demand increases -RIA

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MOSCOW, Sept 27 (Reuters) – Russian Energy Minister Alexander Novak said on Wednesday it would be better to terminate a global deal by OPEC and non-OPEC nations to limit production when demand for oil increases, RIA news agency reported.

Austrian newspaper Die Presse published an interview with Novak earlier on Wednesday in which he said it was too early to tell if Russia would take part in a possible extension of the output agreement. (Reporting by Andrey Ostroukh; Editing by Jack Stubbs)

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Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of Naija247news.com and also sits on the board of Students In Business Awards, (SIBA).

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