Putin Says Russia Would Be Satisfied With $60 Oil

Faizan Hashmi Published May 25, 2018 | 10:13 PM

Putin says Russia would be satisfied with $60 oil

President Vladimir Putin said Friday that Moscow would be satisfied with the price of crude oil dropping to $60 per barrel as Russia and Saudi Arabia signalled they are ready to revise a production cap that has boosted prices

Saint Petersburg, (UrduPoint / Pakistan Point News - 25th May, 2018 ) :President Vladimir Putin said Friday that Moscow would be satisfied with the price of crude oil dropping to $60 per barrel as Russia and Saudi Arabia signalled they are ready to revise a production cap that has boosted prices.

"We would be completely satisfied with oil at $60" per barrel, Putin said at a meeting on the sidelines of Russia's annual economic forum, noting that a higher price can hurt consumers and spur production in rival nations.

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