Novak to meet with Russian oil companies tomorrow - source

Russian Energy Minister Alexander Novak will hold a meeting with representatives of Russian oil companies on December 7, TASS reports with reference to several sources.

The head of the Energy Ministry will discuss the conditions for the implementation of obligations to reduce output, which Russia is expected to confirm in the OPEC talks in Vienna on December 10, one of the sources said.

OPEC reached an agreement to cut oil production to 32.5 million barrels per day on November 30 for the first time in eight years. The head of the Russian Energy Ministry said that it is ready to cut production by 300 thousand barrels per day.