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Saudi Prince, Russian President urge OPEC+ to stick to agreed output cuts

During a phone call, the two leaders reviewed global oil-market conditions and efforts made to achieve balance and support the growth of the global economy, the official Saudi Press Agency said

OPEC, OPEC+, Oil
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With oil prices barely above $40 a barrel and new coronavirus outbreaks in Europe and the Americas weighing on demand, many in the market are questioning whether OPEC+ will go ahead with tapering its production cuts

Robert Tuttle and Zaid Sabah | Bloomberg
Saudi Crown Prince Mohammed Bin Salman and Russian President Vladimir Putin urged OPEC+ oil producers to stick to agreed production cuts, increasing pressure on other members to deliver promised output curbs.

During a phone call, the two leaders reviewed global oil-market conditions and efforts made to achieve balance and support the growth of the global economy, the official Saudi Press Agency said. Both “agreed on the importance of all oil-producing countries to continue cooperating and abiding by OPEC+ agreement to achieve these goals for the benefit of both producers and consumers,” according to a statement from the kingdom.

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