Putin Says $60 Oil `Absolutely Fine,' Praises Saudi Crown Prince - Bloomberg:
Russian President Vladimir Putin said current oil prices around $60 a barrel are “absolutely fine” for his country, adding that Moscow is ready if needed to work with OPEC on stabilizing the market after a major drop. Two weeks ago, Putin said a level of $70 suited Russia.
He pointed to the success of the OPEC+ agreement on output cuts, singling out Saudi Crown Prince Mohammed bin Salman for praise.
“This is effectively an achievement of Saudi Arabia and the crown prince, he was the initiator of this work,” Putin told an investment conference in Moscow on Wednesday. “It led to positive results.”
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