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Istanbul.- Russian Energy Minister Alexander Novak said on Saturday that there was no reason for his country to freeze or reduce its oil production levels and stressed the risk of potential deficit in the global oil markets.
OPEC and other oil producers led by Russia, which does not belong to the deal, agreed in June to increase oil supplies, but the Organization of the Petroleum Exporting Countries declared the week last, that it might have to reconstruct its production reductions. increase in global stocks.
When asked if it was necessary to freeze oil production at current levels or even reduce it, Mr Novak said: "For the moment, there is no no reasons or reasons for this, but on the contrary, there are now risks of oil deficit. "
Novak added that producers inside and outside OPEC have to wait a little before becoming aware of the risks that exist in the market before deciding on other common milestones. .
OPEC and its allies will hold their next meeting in December.
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