Vladimir Putin says it is unlikely that OPEC will quit oil cut deal

Putin said that the deal is effective until the end of June and that he hoped Saudi Arabia will not have to raise its oil production to offset possible exports curbs from Iran due to the US sanctions.

Reuters

April 27, 2019 / 15:20 IST

Russian President Vladimir Putin said on April 27 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 US sanctions.

Reuters

first published: Apr 27, 2019 03:09 pm

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