Thursday 6 June 2019

Putin says Russia disagrees with OPEC on fair oil price - Reuters

Putin says Russia disagrees with OPEC on fair oil price - Reuters:

President Vladimir Putin said on Thursday Russia had differences with OPEC over what constituted a fair price for oil, but that Moscow would take a joint decision on output with OPEC colleagues at a policy meeting in the coming weeks. 

Putin’s comments have set a stage for tough talks between Russia and its partners over their policy on the global oil market, which are expected to take place within a month.

The Organization of the Petroleum Exporting Countries and large oil producers led by Russia are due to meet in Vienna in the end of June or early July to decide on their policy for the next half of the year as the current deal expires.

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