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Russian First Deputy Prime Minister Anton Siluanov said Moscow will carefully consider the extension of oil production cut policy agreed with OPEC last December. Siluanov said Russia will weigh the benefits of the extension on oil prices mainly as the U.S. shale oil production increase has gained new markets.

Russia Considers the Extension of Oil Production Cut Policy

Russian First Deputy Prime Minister Anton Siluanov said Moscow will carefully consider the extension of oil production cut policy agreed with OPEC last December.

Siluanov said Russia will weigh the benefits of the extension on oil prices mainly as the U.S. shale oil production increase has gained new markets.

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