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Russia should cut oil output by 30% to get better price, Lukoil's Fedun says

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Russia should cut oil output by 30% to get better price, Lukoil's Fedun says

Russia should cut oil production by 20%-30% to 7 million-8 million barrels per day (bpd) to get a better price and avoid selling it at a discount, Leonid Fedun, the vice-president with Russian company Lukoil , wrote in RBC newspaper.

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Russia should cut oil output by 30% to get better price, Lukoil's Fedun says

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Russia should cut oil output by 30% to get better price, Lukoil's Fedun says

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