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Russian Energy Minister Novak states that there is no need to extend oil production deal

BREAKING : Russian Energy Minister Novak states that there is no need to extend oil production deal if the market is seen balancing in H2.

Russian Energy Minister Novak says all options being considering and adds that we need to monitor the situation on oil market

Russian President Putin states that if oil prices were to slump below $40/bbl, output of US shale would be at risk

IMPACT : STRONG
SENTIMENT : BAD FOR OIL

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