Russia, Saudis Discuss 1 Mln Barrel Oil Output Increase

[Marina Schwarz + 1,576]

"Saudi Arabia and Russia are discussing raising OPEC and non-OPEC oil output by around 1 million barrels per day (bpd), easing 17 months of strict supply curbs amid concerns that a price rally has gone too far, sources familiar with the matter said."

I remember Novak talking about "gradual" easing but somebody must be eager to appease India.