Russia's Novak says no need for urgent measures on oil market -TASS - Reuters

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The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudina/File Photo

MOSCOW, Nov 29 (Reuters) - Russia sees no need for urgent measures on the oil market, TASS cited Deputy Prime Minister Alexander Novak as saying on Monday.

Novak said OPEC+ partners had not asked for a renegotiation to a deal on output in response to the spread of the Omicron variant, news agencies reported.

Oil prices rebounded on Monday as investors looked for bargains after Friday's slump and on speculation that OPEC+ may pause an output increase in response to the spread of the new COVID-19 variant. read more

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Reporting by Maxim Rodionov; Writing by Alexander Marrow; Editing by Tom Hogue

Our Standards: The Thomson Reuters Trust Principles.

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Russia's Novak says no need for urgent measures on oil market -TASS - Reuters
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