Russian Energy Minister Alexander Novak was out on the wires in the last hour, via TASS news agency, saying that OPEC/non-OPEC producers were comfortable with the current oil prices and will reach an agreement on oil deal for 2019.
Additional quotes:
“¢ Not considering the option of Iran oil shipments via Russia.
“¢ US sanctions on Iran are already priced in by markets.
“¢ Plans to maintain average October oil output level until year end.
“¢ All OPEC, non-OPEC deal members should comply to deal with no exceptions.
“¢ Russian oil companies have agreed to change oil output levels in 2019 if needed.
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