MarketWatch | Russia Claims Global Oil Output Down By 1.4M Bpd OilPrice.com Russian Energy Minister Alexander Novak has announced that global oil output was cut by 1.4 million barrels per day last month, in the aftermath of the deal between OPEC and non-OPEC countries to rebalance the market. Novak made his announcement ... Oil rallies to 3-week high as US output slips US has too much gasoline and that could mean lower oil prices Oil market waits for Opec-shale tug of war to end |