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LUKoil Head Says Outcomes of OPEC Session Predictable

© AP Photo / Bela SzandelszkyOPEC ministers and delegates gather for a meeting of the Organization of the Petroleum Exporting Countries (OPEC) at its headquarters in Vienna, Austria. (File)
OPEC ministers and delegates gather for a meeting of the Organization of the Petroleum Exporting Countries (OPEC) at its headquarters in Vienna, Austria. (File) - Sputnik International
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LUKoil president Vagit Alekperov said that outcomes of the Organization of the Petroleum Exporting Countries (OPEC) session in Vienna were predictable.

Oil production. - Sputnik International
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OPEC to Boost Cooperation With Non-Cartel Oil Producers, Russia
VIENNA (Sputnik) – The outcomes of the Organization of the Petroleum Exporting Countries (OPEC) session in Vienna were predictable, LUKoil president Vagit Alekperov said Thursday.

Earlier in the day, cartel member states did not manage to agree on the policy changes and failed to establish a cap on oil production.

"They were expected, predictable," Alekperov told reporters.

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