Kremlin, on oil output cut, says important to support world prices

Kitco Media
By Reuters
Published:
Updated:
Reuters
MOSCOW, April 3 (Reuters) - The Kremlin said on Monday that it was in the interests of the world energy industry to support prices for oil and oil products, a day after Russia announced it would extend a 500,000 barrels per day output cut until the end of the year.


Kremlin spokesman Dmitry Peskov said Russia was in constant contact with OPEC+ countries, who announced combined cuts of around 1.16 million bpd in a surprise move on Sunday.
(Reporting by Reuters; Editing by Mark Trevelyan)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.