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Russia opposes an uncontrollable rise in oil prices

ITN News Editor
By ITN News Editor April 10, 2019 13:21

Russia opposes an uncontrollable rise in oil prices

President Vladimir Putin said that Russia was ready to continue its cooperation with OPEC, but that Moscow did not support an uncontrollable rise in oil prices and that the current oil price suited Moscow. Speaking at an Arctic forum in the Russian city of St Petersburg, Putin said that Russian companies have their own plans and their plans to develop new fields should be taken into account. OPEC, Russia and other allies are due to decide in June on whether to extend their global deal to reduce oil production. Putin said Russia would take its decision based on the market situation then.

ITN News Editor
By ITN News Editor April 10, 2019 13:21

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