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Putin says oil output deal helped stabilise world markets

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By Reuters
Putin says oil output deal helped stabilise world markets
FILE PHOTO: Russian President Vladimir Putin attends a news briefing after an annual nationwide televised phone-in show in Moscow, Russia June 20, 2019. REUTERS/Shamil Zhumatov/File Photo   -   Copyright  Shamil Zhumatov(Reuters)

MOSCOW (Reuters) – A deal between OPEC and other oil producers to curb oil output has played a positive role in stabilising oil markets, Russian President Vladimir Putin was quoted as saying in an interview on Thursday.

Asked in the interview with the Financial Times if Russia would back extending the deal when it expires at the end of this month, Putin would not be drawn.

But he said that the stabilisation of oil markets was in the interests of both crude producers, and consumers. The future of the output deal is expected to be on the agenda when world leaders meet this week for the G20 summit in Osaka, Japan.

(Reporting by Christian Lowe; Editing by Elaine Hardcastle)