Russia says oil output cut vital to support world prices

Russia says oil output cut vital to support world prices FMTNews

The Kremlin says it is in the interests of the world energy industry to maintain prices for oil and oil products at the proper level.

Russia is part of the Opec+ group of producer countries which announced combined cuts of around 1.16 million bpd in a surprise move on Sunday that the US described as unwise.

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