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Putin says OPEC/non-OPEC oil output cut deal has helped stabilise markets

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Reuters MOSCOW
Last Updated : Oct 04 2017 | 4:48 PM IST

MOSCOW (Reuters) - The oil output cut deal between OPEC and non-OPEC nations has helped stabilise markets and opens up prospects for further cooperation, Russian President Vladimir Putin said on Wednesday.

"A good example of successful joint actions is the deal of Russia and a number of OPEC nations," Putin told an energy forum in Moscow.

"We have not only achieved the stabilisation of the oil market, now prospects open up for us to implement promising projects, for technological cooperation because investments have returned (to the oil industry)."

(Reporting by Katya Golubkova and Jack Stubbs; Writing by Dmitry Solovyov; Editing by Gabrielle Tetrault-Farber)

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First Published: Oct 04 2017 | 4:38 PM IST

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