A deal between OPEC and other oil producers to curb oil output has played a posi...
MOSCOW - A deal between OPEC and other oil producers to curb oil output has played a positive role in stabilizing oil markets, Russian President Vladimir Putin was quoted as saying in an interview on Thursday.
But he said that the stabilization of oil markets was in the interests of both crude producers and consumers. The future of the output deal is expected to be on the agenda when world leaders meet this week for the G20 summit in Osaka, Japan.“We believe that our production stabilization agreements with Saudi Arabia and OPEC in general have had a positive effect on market stabilization and forecasting,” he said in the FT interview.
Putin and Saudi Arabia’s Crown Prince Mohammed bin Salman will discuss energy issues during their meeting on the sidelines of the G20 summit.
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