Russia’s energy minister Alexander Novak believes OPEC, Russia and their allies within the production cut alliance should ink an agreement on the group’s broader cooperation in December so that the new partnership format comes in force from January 1, 2019. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “It will be expedient to sign it in […] early December so that it comes in force from January 1,” Novak told reporters Tuesday. The group plans to institutionalize and make permanent their current alliance, which began in late 2016. The current production cut agreement, in force from January 2017, has envisaged the group to remove a combined 1.8 million b/d of crude from the market to help the market rebalancing. The move helped to boost oil prices from a two-year slump. A draft charter for the broader, permanent cooperation seen last week by S&P […]