Comments from Russian oil minister Novak, cited by RIA and Interfax

  • Russia isn't discussing cutting oil production artificially
  • Lack of a deal on oil market in Algeria is not critical for Russia
  • Russia didn't get offers from oil nations on a production cut
  • Sees 2017 as a recovery year for oil

There's nothing surprising or new here. Late last week, it was reported that Russia won't even stick around until the end of the meeting.

Other oil news:

  • Nigerian militants say they attacked a pipeline on Friday night