Talks with Russia have been ‘very constructive,’ Barkindo says OPEC to decide crude production quotas at November meeting Oil gained after OPEC said it had firm commitments from Russia that the world’s largest energy exporter is willing to participate in a coordinated effort to curb oil production. Futures rose in New York after declining 1.1 percent Tuesday. Talks with Russia about limiting oil production have been “very constructive,” OPEC Secretary-General Mohammed Barkindo said on Wednesday. Russia’s two largest oil producers said Tuesday they would comply with any government instruction to limit production, after President Vladimir Putin had earlier said his nation would back a deal with the Organization of Petroleum Exporting Countries. Oil closed at a 15-month high Monday after Saudi Arabia expressed optimism that a deal could be finalized to cut output and Russia signaled support. While Saudi Arabia’s oil minister left Istanbul before a producer meeting Wednesday, […]