Russia and Saudi Arabia said today they believe a deal is possible to gradually boost oil output from as soon as July as world oil prices have recently hit highs last seen in 2014.
Saudi oil minister Khaled al-Faleh said that a gradual increase in output could happen in the second half of the year to prevent any supply shocks, while his Russian counterpart Alexander Novak said that an increase "should probably take place from the third quarter," according to RIA Novosti agency.
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