新乡县股票配资Kremlin stays silent on Russia oil cut plans ahead of OPEC+ meeting

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M新乡县股票配资oSCOW (R新乡县股票配资e新乡县股票配资uters) - The Kremlin told reporters on Tuesd新乡县股票配资ay it would not say whether Moscow was ready to make additional oil output cuts as part of the cooperation between OPEC and non-OPEC countries and said it was necessary to wait for their meeting later this week.

The Organization of the Petroleum Exporting Countries and its partners known as OPEC+ will meet in Vienna on March 5-6 to discuss additional steps to support the oil market as the economic impact of the spread of the coronavirus risks hurting demand.

Russia’s second-biggest oil producer, Lukoil (LKOH.MM), said OPEC’s proposal to cut oil production by up to 1 million barrels per day would be enough to balance the market and lift oil prices back to $60 a barrel.