With new spare capacity, Russia joins ranks of oil's swing producers - Reuters:
When Saudi Arabian oil installations sustained major attacks last month, Russia’s energy minister, Alexander Novak, was ready to ramp up production to fill the supply gap.
“If there had been a need we would have been ready for coordinated action,” Novak told Reuters in an interview in Moscow.
“We had a call with the Saudi minister ... He said they were managing. And I felt there was no need for any extraordinary measures.”
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