Russia is in no rush to announce its position on additional cuts proposed by OPEC, as nothing urgent is happening in the oil market and there are two more weeks until the scheduled OPEC, non-OPEC ministerial meeting, energy minister Alexander Novak said Thursday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Plans for an earlier, mid-February meeting to mitigate a drop in oil prices caused by the coronavirus outbreak were formally canceled late Wednesday as Russia, among other countries, was not convinced of the need to deepen production cuts as proposed by an OPEC+ advisory committee. “We are discussing, we still have two weeks to announce [our position]. We will see […]