The oil records losses while Russia shows little urgency while the overabundance is looming



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All eyes are on this weekend's G20 summit in Argentina, where Russian Vladimir Putin and Saudi Arabia's Mohammed bin Salman are likely to discuss ways to coordinate oil policy, but the two leaders have reasons for caution. Protected by a budget surplus and a weak ruble, Putin said yesterday that current prices are good for Russia. The Crown Prince, under pressure after the murder of Jamal Khashoggi, can not afford to alienate President Donald Trump.

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