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Russia's Novak says talks needed in May to decide OPEC+ next steps

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Russia's Novak says talks needed in May to decide OPEC+ next steps
FILE PHOTO: The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen outside their headquarters in Vienna, Austria December 7, 2018. REUTERS/Leonhard Foeger/File Photo   -   Copyright  Leonhard Foeger(Reuters)
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MOSCOW (Reuters) – Russian Energy Minister Alexander Novak said on Sunday that talks need to be held in May to decide on the future steps of an oil output pact between OPEC members and other major oil exporters known as OPEC+.

Novak’s comment was cited in a statement published by the energy ministry of Azerbaijan, ahead of a meeting of OPEC and non-OPEC oil-producing countries scheduled for Monday in Baku.

(Reporting by Nailia Bagirova and Vladimir Soldatkin; Writing by Polina Ivanova; Editing by)

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