Putin says no imminent decision on oil output cuts - Reuters:
President Vladimir Putin said on Tuesday that Russia and OPEC should discuss the future of their oil output-cutting deal later this year, adding that current oil prices suited Moscow.
The Organization of the Petroleum Exporting Countries and other large oil producers led by Russia agreed to reduce their combined output by 1.2 million barrels per day (bpd) from Jan. 1 this year for six months in an attempt to balance the market.
Russia undertook to cut its production by 228,000 bpd but has struggled to comply with the pact.
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