• Russia's president Putin: Russia and OPEC to work on consolidated move on oil output

Market news

6 June 2019

Russia's president Putin: Russia and OPEC to work on consolidated move on oil output

  • We will continue relations with OPEC
  • We have differences over what is a fair oil price
  • Saudi Arabia wants a higher oil price
  • Oil price at $60-$65 per barrel is perfectly fine for us
  • Falls in Iran, Venezuela, problems in Libya, Nigeria should be taken into account
  • We will take consolidated decision with OPEC colleagues


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