Russia’s Novak: Russia is planning to sign an agreement on oil output with OPEC

Russia’s Energy Minister Alexander Novak was on the wires last minutes, via Reuters, commenting on the OPEC output policy.

Key Points:

Need to make balanced decision on OPEC production.

There has been no decision yet.

Russia is planning to sign an agreement on oil output with OPEC.

But this will be discussed in next month's meeting.