01:42 GMT18 February 2020
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    Russian Energy Minister Alexander Novak said he does not plan to visit Vienna on Wednesday to take part in the meeting among major oil producers, noting that Russia is ready to continue negotiations if an agreement is reached there.

    MOSCOW (Sputnik) — OPEC reached a preliminary agreement in September, setting the oil output ceiling at 32.5-33 million barrels a day. The agreement is expected to be finalized in Vienna on Wednesday.

    "Not tomorrow," Novak told reporters on Tuesday of the anticipated Organization of the Petroleum Exporting Countries (OPEC) meeting in Austria. "This is not necessary, we need OPEC to hold a meeting."

    Novak stressed that "if there is consensus and OPEC adopts the decision, we will agree soon."


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