Russian news agency Interfax reported today, Tuesday, that President Vladimir Putin stated that the OPEC+ group is focused on the goal of stabilizing oil market prices, rather than allowing endless price increases, which it has been successful in achieving so far. OPEC+ members, led by Saudi Arabia and Russia, agreed on Sunday to extend voluntary oil production cuts by 2.2 million barrels per day in the second quarter, providing additional support to the market amid concerns over global growth and rising production outside the group.
Putin: OPEC+ Committed to Ensuring Oil Market Stability
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