Russian Energy Minister Alexander Novak said on Friday coordinated oil production cuts with OPEC to support falling oil prices were unlikely and would be inefficient if they did happen anyway. Novak’s comments follow a meeting last month of the Organization of the Petroleum Exporting Countries which ended without any agreement on how to prop up prices and after some OPEC members urged Russia to cut its own oil output. “From our point of view, it is unlikely that all the countries within OPEC can agree on production cuts, let alone those countries which are not in the OPEC coalition,” the RIA news agency quoted Novak as saying in an interview with RBC TV. “Such consultations have been underway for […]