Russia is ready to reduce its production very substantially to prop up weak oil markets, two Russian sources told Reuters on Monday, without giving precise numbers. They spoke as the Organization of the Petroleum Exporting Countries and other producers, known as OPEC+, plan to hold a video conference on Thursday to discuss how to support the oil market. The Russian energy ministry did not respond immediately to a request for comment. Kremlin spokesman Dmitry Peskov told reporters earlier on Monday that Moscow was ready to work with other leading oil exporting countries. A government and an industry source, speaking ... (full story)