Secretary General of OPEC, Nigerian Mohammed Barkindo speaks during the 23rd World Energy Congress on October 11, 2016 in Istanbul. AFP / OZAN KOSE
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Russia, the world's biggest energy producer, is "on board" with an OPEC agreement to limit crude oil production to help rebalance the market, according to OPEC Secretary-General Mohammed Barkindo.OPEC producers remain committed to an agreement reached last month in Algiers to trim output, and cooperation from non-OPEC producers will help bring the oil market back into balance, Barkindo told reporters at an energy conference in Abu Dhabi. Russia is due to join OPEC for talks later this month in Vienna, where OPEC will convene for its bi-annual meeting.Energy Minister Alexander Novak indicated that Russia was willing to freeze production for six months or more, rather than cut, and only if OPEC reached an agreement first.
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