Kremlin: OPEC+ deal needs time to have full effect on the oil market

Comments by the Kremlin on the oil market

  • Global output deal is yet to be implemented
  • Still expects the deal to have an effect on oil prices
  • Closely monitoring the oil market

Given the reaction to the deal, I would expect producers to band together some time in the near future once again to try and come up with another plan to boost oil prices.

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