Kremlin Says No Concrete Talks With OPEC on Oil Output Curbs

Updated on
  • OPEC called on all producers this week to help revive prices
  • Russia depends on energy for more than 40% of budget revenue

Oil Declines as U.S. Stockpiles Increase

Russia isn’t holding specific talks on oil output levels with other producing countries even as $30 crude squeezes the economy of the world’s biggest energy exporter, according to the Kremlin.

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