Russia expects non-OPEC to fully contribute to production cuts

Russia's energy minister said on Friday he expected non-OPEC oil producers to fully contribute to production cuts agreed earlier with OPEC. "I look with optimism at tomorrow's event," Alexander Novak said ahead of a meeting between OPEC and non-OPEC producers on Saturday. "I think that we will agree and we must agree," he said adding he was confident non-OPEC producers would contribute 600,000 barrels per day (bpd) of cuts alongside OPEC's production cut of 1.2 million bpd.