Russia hints towards talks of truce to stabilise oil market
With Saudi Arabia showing no sign of relenting, Russia on Tuesday dropped the first hint that it was ready for a truce to end the raging oil price war. Speaking to a Russian television channel, Energy Minister Alexander Novak said Moscow has not closed the doors for talks with OPEC.
“If necessary, we have various tools including reduction and increasing production. We have planned the next meetings in May or June to assess the situation on the market,” Novak said, adding that new agreements can be reached.
