Russian Negotiator Says No Need To Extend Oil Cuts Beyond July : Report ….LIVE NEWS UPDATE BY ROYAL TRADERS


The head of Russia’s sovereign wealth fund Kirill Dmitriev sees no point in extending strict global oil output cuts as world economies and oil demand recovers from the depths of the coronavirus crisis, he told the RBC Daily newspaper.

The comments from Dmitriev, who is one of Moscow’s top negotiators in oil talks, indicate that Russia wants curbs to be eased from August as envisaged by the existing plan.

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