The Kremlin declares Moscow ready to cooperate to stabilize oil markets

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Sharjah 24 – Reuters:
The Kremlin said on Monday that Moscow is ready to cooperate with other major oil exporters, to help bring stability to global crude markets.

Kirill Dmitriyev, CEO of the Direct Investment Fund, the Russian sovereign fund, told CNBC television that Saudi Arabia and Russia are very close to an agreement to cut oil production.

Kremlin spokesman Dmitry Peskov added, in a daily press conference, that Moscow is ready to cooperate and is interested in interacting with countries in order to bring stability to energy markets.

Peskov stated that talks between OPEC and other major oil producers, within the framework of what is known as the OPEC + alliance, were postponed to Thursday for technical reasons, and that preparations for the meeting are underway.





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