Russia Unlikely to Meet With OPEC

Deputy Prime Minister Igor Sechin said Thursday that Russia was unlikely to send a delegation to an OPEC meeting next week, in a sign that the honeymoon between the world’s second-largest oil producer and the cartel may be over.

Russia, which has said it wants to work with OPEC to stabilize the global oil market, might face criticism at the meeting for ramping up its oil output while the cartel made cuts.

Russian monthly oil output edged up in March for the first time since mid-2007 and climbed further in April after new fields came into play, oil prices reversed their downfall and the cheaper national currency helped cover expenses.
MoscowTimes