OPEC output cuts working says Russian PM

Lagos to get its first 13% oil derivation fund in December

Russian Prime Minister Dmitry Medvedev has said the global agreement on oil output cuts reached between OPEC and non-OPEC nations is working, keeping oil prices within “a reasonable range”.

The RIA news agency cited Medvedev as saying on Tuesday.

Medvedev, on a visit to Algeria, also said that talks on other countries joining the global oil output cut deal were under way, RIA reported.