Posted on

Russia’s Lukoil says OPEC deal should be open ended

Vagit Alekperov, the CEO of Russian multinational oil company Lukoil, has stated that he believes the various parties to the OPEC-led production cuts should give up on speculating about when the deal might expire. He believes this will give producers more flexibility in reacting to market conditions.

Speaking at Lukoil’s investor day in London, he said: Continue reading Russia’s Lukoil says OPEC deal should be open ended