Marina Schwarz

Transneft Chief Says Russia Will Raise Output Not Cut

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"Russian pipeline monopoly Transneft expects Russia’s oil output to rise by about 2 million tonnes next year, RIA news agency cited the company’s head, Nikolai Tokarev, as saying on Friday.“So it is not falling despite our agreement,” Tokarev was quoted as saying in reference to the global oil output deal between OPEC and non-OPEC producers last week."

I doubt this is a slip. I'm also not finding it on RIA but this is Reuters. Interesting.

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Perhaps Russia is simply re-defining OPEC plus   : )

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