Russia: US shale decline can’t count as ‘output cut’ ...United Arab Emirates

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Russia: US shale decline can’t count as ‘output cut’
source : Russia Today ( United Arab Emirates ) () 79
Production declines across the US shale patch as companies reduce drilling and spending cannot be viewed as a voluntary US cut aimed at supporting oil prices, Vladimir Putin’s Press Secretary Dmitry Peskov said on Wednesday. The comments suggest that Russia may insist on a collective cut from the United States when major oil producers sit down to discuss a global production reduction later this week. “These are totally different types of cuts,” Peskov told reporters in Moscow on Wednesday, as carried by Russian news agency RIA Novosti.   Also on rt.com Will Trump use tariffs

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