Aleksandr Novak: there is no expediency to reduce oil production in the world yet.

The RF Minister of Energy Aleksandr Novak states that there is no expediency to reduce oil production in the world.

According to him, "if it (oil) remains at the same level in the world and at current prices, it would be a good incentive for aligning supply and demand". "There is no expediency to reduce, no special tools now in the countries that are not part of OPEC", - Novak stated.

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