(Bloomberg) — Russia is ready to cooperate with its OPEC+ partners to support the world oil market, even though it’s comfortable with current crude prices, President Vladimir Putin said.The OPEC+ mechanism “has already established itself as an effective tool in ensuring long-term stability in global energy markets,” Putin told a meeting with ministers in Moscow on Sunday. The fact that Russia has large financial reserves to cushion the impact of turbulence in the market “doesn’t eliminate the need for action, including in cooperation with our foreign partners,” he said.Putin commented ahead of the March 5-6 OPEC+ meeting in Vienna where …read more
Source:: Yahoo Finance
