OPEC and other oil producers will not take a decision until January on whether to extend their pact to curb oil production, Russia`s Energy Minister Alexander Novak said on Friday.
"I believe that January is the earliest date when we can actually, credibly speak about the state of the market," he said after he was asked when a decision on extending the pact would be taken.
He was speaking after a meeting in Vienna of ministers who monitor the deal that is due to expire in March.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
06:40 PM IST