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Russia says to cut oil output from November-December levels

Russia will cut its oil output from November-December levels, Energy Minister Alexander Novak told reporters on Thursday.

Novak said a day earlier Russia was ready to cut oil production by up to 300,000 barrels per day in the first half of 2017 as a part of its agreement with OPEC.

Novak said Azerbaijan, Mexico and others could join the deal - which will see OPEC and non-OPEC countries cut output.