Putin does not exclude extension of global oil output cut deal

Reuters  |  MOSCOW 

MOSCOW (Reuters) - Russian President Vladimir said on Wednesday he did not exclude that the global output cut between and non-nations could be extended until the end of 2018.

"Everyone is interested in a stable market. What we have achieved together with is beneficial for the entire global economy," told an energy forum in Moscow, referring to the current output cut

"Whether we will extend these agreements or not will depend of the situation shaping up on the world market. In principle, I do not exclude this. But we will proceed from the real state of things that we will have in March 2018."

(Reporting by Jack Stubbs and Katya Golubkova; Writing by Olesya Astakhova and Dmitry Solovyov; Editing by Andrey Ostroukh)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, October 04 2017. 16:57 IST