Oil companies will support Russian state position: VP Fedun Freeze deal with OPEC likely after group’s November meeting Russian oil companies will unify behind their government if talks with the Organization of Petroleum Exporting Countries result in an agreement to limit output, including cuts, said the country’s second-largest producer. “I have no doubt that there will be a freeze” or even cuts, Leonid Fedun, billionaire vice president of Lukoil PJSC, said at the World Energy Congress in Istanbul. “I’m sure everybody will join” any action the Russian government agrees, he said. Gazprom PJSC, which controls Russia’s fourth largest oil producer Gazprom Neft PJSC, supports a production freeze, not a reduction, Interfax reported, citing Deputy Chief Executive Alexander Medvedev. Oil prices remain at about half the level of mid-2014 due to a global oversupply. Russia is ready to join OPEC in limiting production to stabilize the market, President Vladimir Putin […]