Russia is conducting “unprecedentedly active” consultations with the Organization of the Petroleum Exporting Countries but isn’t discussing oil production cuts to support prices, Russian officials said on Wednesday. The consultations come after several months of low oil prices that are putting pressure on Russia’s budget and currency , but Russian officials poured cold water on any suggestion of coordinated production cuts. “The Energy Ministry is continuing to conduct active consultations and work with the European Union, countries of the Asia-Pacific region, the Middle East, including within the framework of OPEC, as well as with the countries of Latin America,” Deputy […]