Around 7%-8% of current Russian oil output is condensate: Novak Moscow — Russian energy minister Alexander Novak said Friday it is too early to talk about extending the OPEC+ crude production agreement and the producer group should take a decision closer to April, the Prime news agency reported. “We have a valid agreement until April 1,” Novak told reporters in Malabo, Equatorial Guinea, according to Prime. “The previous times that we considered an extension, we did so a month before the expiration, because during this time the situation on the market may change. Why should we guess now what will happen in 4 months? We need to monitor the situation and take decisions when necessary.” OPEC+ participants are set to meet to discuss the current market situation and the agreement in Vienna at the end of next week. Novak has indicated in recent weeks that Russia is considering […]