Russian Energy Minister Alexander Novak on Monday backed extending oil output curbs by leading producers, saying it would help speed up a return to a healthier market. Novak did not mention for how long he thought curbs should be extended in comments sent by the Russian energy ministry. A ministry spokeswoman, however, said one option being discussed by Russia was extending the cuts beyond the end of the year. Saudi Energy Minister Khalid al-Falih said on Monday he was confident that OPEC and non-OPEC producers would extend cuts into the second half of the year and “possibly beyond”. The Russian energy ministry spokeswoman said she could not confirm that Russia backed prolonging output cuts into 2018. The Organization of the Petroleum Exporting Countries […]