Russia is continuing consultations with OPEC aimed at stabilizing oil markets and is positive about a global deal, Energy Minister Alexander Novak said on Saturday.

In a statement, his ministry quoted Novak as saying OPEC had to reach consensus within the group before other producers could join such an agreement.

Earlier, Russian news agencies cited a diplomatic source as saying that no Russian delegation would attend a meeting in Vienna on Monday with OPEC experts, after Saudi Arabia pulled out of the event. The ministry’s statement did not say if Russia would go or not.

Source: www.reuters.com