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Following a welcome note from Vladimir Putin to the G20 meeting, the Kremlin now hopes Mexico would join the output cut deal.

Further comments from the Kremlin:

– The OPEC+ deal is expected have positive impact on global markets once Mexico joins the output cuts, adding that everyone benefits from a deal.

– Despite the US has restrictions on joining cartels, a joint oil output cut looks unavoidable.

– Oil producers agree that cooperation is needed in order to stabilize the oil market.