Russia, Saudis signal oil production boost
Saudi oil minister Khaled al-Faleh said at an economic conference in Russia that a gradual output increase could happen in the second half of the year to prevent any supply shocks (AFP Photo/Amer HILABI)/ Saint Petersburg (AFP) - Russia and Saudi Arabia said Friday they believe a deal is possible to gradually boost oil output from as soon as July as world oil prices have recently hit highs last seen in 2014. Meanwhile President Vladimir Putin said Friday that Moscow would be satisfied with the price of crude oil dropping to $60 per barrel, ...
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