Russia to continue cooperation with OPEC to keep oil market balanced: Putin - Reuters:
President Vladimir Putin said on Wednesday that Russia and OPEC have ‘a common goal’ of keeping the oil market balanced and predictable, and Moscow will continue cooperation under the global supply curbs deal.
The Organization of the Petroleum Exporting Countries (OPEC) meets on Dec. 5 in Vienna, followed by talks with a group of other exporters, including Russia, known as OPEC+.
“Our (common with OPEC) goal is for the market to be balanced, acceptable for producers and consumers and the most important - and I want to underline this - predictable,” Putin told a forum on Wednesday.
Saudi Arabia’s King Salman said on Wednesday that the kingdom’s oil policy aims to promote stability in global oil markets, and serves consumers and producers alike. It plans to announce pricing for an initial public offering of its crown asset, Saudi Aramco, also on Dec. 5.
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