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.