Russian President Vladimir Putin said on Wednesday that co-ordination by the OPEC+ group of leading oil producers would continue to ensure predictability on the oil markets.
“For the stability of the oil market, the interaction of the main suppliers is necessary, and on open, transparent terms. And it is with this logic that Russia works with partners within the framework of OPEC+,” Putin told a major energy conference in Moscow. Putin, who leads the world’s second largest oil exporter, said Western elites had sown confusion in energy markets so it was up to responsible market participants such as OPEC+ to ensure stability.
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