Politics
18:31, 07-Jul-2017
Russia to help harmonize energy markets, Putin
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Russian president Vladimir Putin spoke out on Friday for harmonizing global energy markets and reducing price volatility, saying Russia will continue to cooperate.
The Organization of the Petroleum Exporting Countries and other producers led by Russia agreed to cut oil production by almost 1.8 million barrels per day (bpd) from January this year to rein in inventories and support prices. The deal runs to March 2018.
Russian President Vladimir Putin attends a BRICS leaders' meeting as he takes part in the G20 summit in Hamburg, Germany July 7, 2017 /CFP Photo
Russian President Vladimir Putin attends a BRICS leaders' meeting as he takes part in the G20 summit in Hamburg, Germany July 7, 2017 /CFP Photo
Putin, speaking at an informal meeting of BRICS nations in Hamburg where the Group 20 summit is underway, also said that Moscow viewed the Paris climate change agreement as a basis for long-term cooperation.
Putin said last month he believed there was still time to get a global climate change deal done despite US President Donald Trump saying he was pulling his country out of the Paris pact.
Russia has signed the Paris climate pact, but has not ratified it yet.
(Source: Reuters)
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