Russia’s Novak: Russia is committed to see OPEC cuts deal through to the end

The Russian Energy Minister Alexander Novak was on the wires earlier today, via Bloomberg TV, noting that Russia is committed to see OPEC cuts deal through to the end.

Additional Headlines:

Committed to seeing its pact with OPEC through to completion.

Whether that means starting discussions of a phase-out at next meeting.

Or possibly prolonging cuts into 2019.

As soon as the balancing of the market is achieved, then will start considering gradual withdrawal.

Balancing of the market may happen in Q3 or Q4.

Discussions of exit strategy in OPEC's June meeting can't be ruled out.

Isn't worried about growth in shale oil.