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Russian Energy Minister Alexander Novak. Photo: Mikhail Metzel/TASS via Getty Images

It's happening. Per Reuters, "Russian Energy Minister Alexander Novak has had talks with Saudi Energy Minister Khalid al-Falih on an easing of the terms of the global oil supply pact that has been in place for 17 months, Novak said on Friday."

Why it matters: The comments signal how a swirl of forces — notably Venezuela's collapsing production and the revived U.S. sanctions against Iran — are prompting Russia and OPEC to weigh changes in their output-limiting agreement.

What's on the table: Reuters and the Financial Times, citing anonymous sources, say discussions are exploring a combined output boost of around one million barrels per day.

What's going on in the market: Prices have been sliding recently in anticipation of more supplies hitting the market.

  • The global benchmark Brent crude, which has touched $80 per barrel in trading earlier this month, has fallen into the $77 range this morning.

What's next: All eyes will be on the OPEC meeting in Vienna next month, where ministers from the cartel and allied producers will discuss the output-limiting deal that's currently slated to run through the end of 2018.

2018, ladies and gentlemen: Reuters reports from Russia this morning . . .

  • "OPEC began a discussion about easing production cuts following a critical tweet from U.S. President Donald Trump, OPEC’s Secretary General Mohammad Barkindo said on Friday."

Go deeper

Food delivery "ghost kitchens" face major obstacles

Photo: Jakub Porzycki/NurPhoto via Getty Images

The growing popularity of food delivery has given rise to startups that open "ghost kitchens" — kitchens in warehouses or trailers that prepare food solely for delivery and have no option to dine in.

  • But they can come with a whole host of problems.

The big picture: The concept of "ghost kitchens" has been dubbed the next big thing in the future of services, with high profile backers like Uber founder Travis Kalanick. But these kitchens can be hard to run or unsafe.

1 hour ago - Health

Federal judge blocks Biden vaccine mandate for health workers

President Biden delivers remarks on the Omicron COVID-19 variant at the White House on Nov. 29. Photo: Anna Moneymaker via Getty Images

A federal judge on Tuesday blocked the Biden administration from enforcing a coronavirus vaccine mandate for health care workers at federally funded facilities nationwide.

The big picture: The order comes one day after a federal judge in Missouri halted the mandate, which has a Jan. 4 deadline, in 10 states.

CNN suspends Chris Cuomo indefinitely

Chris Cuomo in 2019. Photo: Theo Wargo/Getty Images for THR

CNN announced Tuesday evening that it has suspended anchor Chris Cuomo indefinitely following new revelations about his involvement in the management of his brother's sexual harassment scandal.

Driving the news: New documents released Monday showed that Cuomo used his contacts to garner information about the women accusing his brother, former New York Gov. Andrew Cuomo, of sexual harassment, as well as of emerging media coverage relating to the scandal.