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ICYMI - Russia's Putin said Russian oil output cuts were to support higher prices

Putin was speaking at a televised meeting of his government on Wednesday. The recent background to his comments is that Russia said on April 2 it would extend an oil production cut of 500,000 barrels per day (bpd) - about 5% of its crude output - until the end of the year, compared with February levels.Putin:"We are reducing production, but nevertheless it is at the required level""But all our actions, including those related to voluntary production cuts, are connected precisely with the need to... Read More

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Posted: May 18 2023, 00:25

Author Name: forexlive

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