Vladimir Putin says withholding oil will ‘most likely’ continue despite Israel-Hamas war pushing crude towards $100 a barrel
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Russia and Saudi Arabia look set to extend their pact to keep oil prices higher by withholding 1% of world demand from the market, Vladimir Putin has indicated.
The Russian president announced on Wednesday that the cuts to oil supplies imposed by Saudi Arabia and Russia would “most likely” continue despite market concerns that the conflict between Israel and Hamas could drive crude prices to $100 a barrel.
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