OPEC and non-OPEC allies, including Russia, might consider ending their oil output curtailment deal next year in order to preserve market share and implement projects, according to Russian energy minister Alexander Novak. “As for production cuts, this is not an indefinite process and we will need to gradually make a decision to exit in order to maintain market share and so that our companies can fund and implement their promising projects. I think we will be considering this option this year as well,” Novak told the Rossiya 24 channel in an interview, when asked about the prospects of the OPEC+ deal for the coming year. Previously, Novak has said OPEC+ may consider easing oil production quotas at the group’s next extraordinary meeting in March, which will decide the future of the deal after its expiry […]