OPEC will discuss and possibly finalize a deal with producers outside the cartel to reduce global crude oil supply on December 10 in Russia’s capital Moscow, Reuters reported on Friday, citing two OPEC sources. Earlier reports had put the date and place of the OPEC-non-OPEC meeting for December 9 in Doha, Qatar. When OPEC said on Wednesday it agreed to cut the cartel’s total production to 32.5 million bpd, effective January, it hinged the deal on persuading non-OPEC producers to cut around 600,000 bpd. Russia, which had previously said it would agree to a freeze at current levels, has promised to shave 300,000 bpd off its production, which, it emerged today, hit a high of 11.21 million bpd in November. Deputy energy minister Kirill Molodtsov said Russia would use the November figures in “OPEC agreements”. His boss, energy minister Alexander Novak said on Thursday that all […]