Russia OilMin Novak rules out oil output freeze being on the agenda for Algeria– TASS

Russian News Agency TASS reported comments from the Russian oil minister, noting that oil output freeze talks are not a part of the OPEC and non-OPEC producers’ meeting in Algeria later this month.

Key Quotes:

“Oil output freeze not on agenda of meeting with Algeria”

“Risks remain that oil prices will fall in winter 2016/17”

“Japanese companies have expressed an interest in taking part in Rosneft and Bashneft privatisations”