Russia will speak about its negative attitude to more radical reduction of oil production at the upcoming ministerial meeting of OPEC and independent producers. Any further reduction in raw material supplies against the background of the extension of the existing agreements will be a bad sign for the oil market, as one of the interlocutors of the agency believes.

      By this the participants of the transaction can show that reducing production by 1.8 million barrels per day until March 2018 year is not enough to sustain oil prices, as he said.