Russian PM Medvedev: Russia expects further cooperation with OPEC

Dhwani Mehta FXStreet

Russia’s Prime Minister Dmitry Medvedev noted late-Tuesday, the OPEC and non-OPEC output cut deal reached last December was working, and he expects further cooperation on compliance monitoring between the member nations.

Key Quotes: via TASS:

"We assume that the agreements that have been reached are working, helping hold crude prices within reasonable limits. Due to this, the economies obtain additional growth opportunities, while we continue discussing those issues with other countries.”

“The monitoring issue is as important, and we address it together with our partners as well. We expect further cooperation with our Algerian friends."

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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