Hope OPEC will remember consumers when cutting output: Dharmendra Pradhan

File photo. Photograph:( Zee News Network )

Reuters New Delhi, Delhi, India Dec 07, 2018, 05.35 PM (IST)

Oil Minister Dharmendra Pradhan said on Friday he was hopeful that Organization of the Petroleum Exporting Countries (OPEC) would keep in mind consumers' interests before deciding to cut crude oil production.

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OPEC tentatively agreed to an oil output cut on Thursday but was waiting for a commitment from non-OPEC producer Russia before deciding on the exact volumes for a production reduction aimed at propping up oil prices.

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OPEC  agreed to an oil output cut but was waiting for a commitment from non-OPEC producer Russia before deciding on the exact volumes for a production reduction.