The Russian Putin said that it was unlikely that OPEC would abandon the agreement on oil reduction By Reuters



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© Reuters. Russian President Vladimir Putin delivers a speech at the Opening Ceremony of the Second Road and Belt Forum in Beijing

BEIJING (Reuters) – Russian President Vladimir Putin said on Saturday that he had heard no message from OPEC (Organization of Petroleum Exporting Countries) members about the possibility of letting 39, agreement on the reduction of oil production, which was unlikely.

Putin said during a press briefing that the agreement was effective until the end of June and that he hoped that Saudi Arabia, the mainstay of the OPEC, would not have to increase its oil production to offset any restrictions on Iranian exports due to US sanctions.

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