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OPEC tentatively agrees oil cut, waits for Russia to commit

by_rania_el_gamal,_ahmad_ghaddar_and_olesya_astakhova
OPEC tentatively agrees oil cut, waits for Russia to commit

OPEC tentatively agreed an oil output cut on Thursday but was waiting for a commitment from non-OPEC heavyweight Russia before deciding the exact volumes for a production reduction aimed at propping up crude prices, two sources from the group said. Russian Energy Minister Alexander Novak flew home from Vienna earlier for talks with President Vladimir Putin in St Petersburg. Novak returns to Austria's capital for discussions among Saudi-led OPEC and the group's allies on Friday.