Published On: Sat, Apr 27th, 2019

Russia’s Putin says it is unlikely OPEC will quit oil cut deal

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Russian President Vladimir Putin delivers a speech at the opening ceremony for the second Belt and Road Forum in Beijing
Russian President Vladimir Putin delivers a speech at the opening ceremony for the second Belt and Road Forum in Beijing, China April 26, 2019. Sputnik/Aleksey Nikolskyi/Handout via REUTERS

April 27, 2019

BEIJING (Reuters) – Russian President Vladimir Putin said on Saturday that he has not heard any signals from members of OPEC (the Organization of the Petroleum Exporting Countries) about possibly leaving the deal on curbing oil output, adding this was unlikely.

Putin told a press briefing that the deal is effective until the end of June and that he hoped Saudi Arabia, the OPEC kingpin, will not have to raise its oil production to offset possible exports curbs from Iran due to the U.S. sanctions.

(Reporting by Vladimir Soldatkin; Editing by Alexander Smith)



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