Former OPEC official El-Badri says non-OPEC cut a 'must': conference

Reuters - December 8th, 2016

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The Organization of the Petroleum Exporting Countries agreed last month to cut production by 1.2 million bpd, but has been working to convince non-OPEC members, including Russia, to reduce output as well.

"You have to cut production," he said at a Platts conference in New York. "This decision is a positive step forward."

(Reporting by Jessica Resnick Ault; Editing by James Dalgleish)

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