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Russia’s Putin Keeps OPEC+ Waiting for Decision on Output Cuts

  • President will announce his verdict in a ‘timely’ way: Kremlin
  • Nation’s oil companies mostly support extending current cuts
Tatneft PJSC Petrochemical Operations in Tatarstan
Photographer: Andrey Rudakov/Bloomberg

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President Vladimir Putin, who plays a decisive role in OPEC+ oil policy, hasn’t yet decided whether Russia will support the group’s proposal for deeper production cuts.