Putin Says Russia Ready to Freeze or Even Cut Oil Output - Bloomberg

(Updated)

Vladimir Putin said Russia is willing to consider freezing or even cutting oil output in cooperation with OPEC, according to Bloomberg, citing Putin's comments during the World Energy Congress in Istanbul. Putin said he hoped OPEC would agree on limits to its crude production in November and that Russia was ready to support that decision.

You May Also Be Interested In

• Crude Inventory Declined 6.4 Million Barrels Last Week
• Wolfe discusses what is the 'war premium' in current oil prices
• API Shows US Crude, Gasoline Stocks Fell Last Week, Distillates Rose - Reuters