Kremlin says OPEC+ decision to cut oil output is aimed at market stabilization
- Country:
- Russian Federation
The decision of the OPEC+ group of leading oil producers to reduce output by 2 million barrels per day is aimed at market stabilization, a Kremlin spokesman said on Thursday.
Dmitry Peskov also said that by agreeing to reduce output, OPEC+ has confirmed its credentials as an organization responsible for market stability
The Saudi Arabia-led OPEC+ cartel at a Vienna meeting on Wednesday ignored pleas from the White House to keep oil flowing and agreed on the cut, its deepest since the 2020 COVID-19 pandemic.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- White House
- Kremlin
- Vienna
- Peskov
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