Russia can offset current oil output cuts by year-end: Novak

Novak said Russia's 2019 oil output forecast remained unchanged, and that it would calculate damages and compensation from an oil contamination in the Druzhba pipeline over the summerReuters  |  June 06, 2019, 13:21 IST
Russia can offset current oil output cuts by year-end: Novak ST PETERSBURG: Russian Energy Minister Alexander Novak said on Thursday that Moscow would be able to offset current cuts to its oil output by the end of the year.

Novak said Russia's 2019 oil output forecast remained unchanged, and that it would calculate damages and compensation from an oil contamination in the Druzhba pipeline over the summer.