Opec may call for more cuts

The Star Early Edition - - INTERNATIONAL -

KEY OPEC and non-Opec oil na­tions would dis­cuss the sit­u­a­tion in pro­duc­ers in­clud­ing Libya and Nige­ria at a meet­ing to­day, Rus­sian En­ergy Min­is­ter Alexan­der No­vak said yes­ter­day. Spec­u­la­tion has been swirling in oil mar­kets that the meet­ing might ask Libya and Nige­ria to join a pro­duc­tion cut­ting deal from which they were cur­rently ex­empt. Six Opec and non-Opec min­is­ters will meet to­day in St Peters­burg to dis­cuss the mar­ket out­look and com­pli­ance with out­put cuts. No­vak said Rus­sian out­put had fallen by about 300 000 bar­rels a day since Oc­to­ber. – Reuters

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