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Russia says OPEC deal positive but aims to keep output at existing level - RIA

Reuters

MOSCOW (Reuters) - Russian Energy Minister Alexander Novak said on Thursday he thought OPEC's deal to modestly curb output was a positive signal for the market, but that Russia aimed to keep its own oil production at existing levels.

Novak, in comments cited by the RIA news agency, said that Russia was ready to consider proposals from OPEC for joint action on the oil market and would hold consultations with OPEC in October/November.

The minister was not ready to say at what level Russia might potentially freeze its oil output, but said a production cap could be considered for about half a year.

(Reporting by Polina Devitt; Writing by Alexander Winning; Editing by Andrew Osborn)