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Russia ForeignMin Lavrov: Russia supports OPEC+ proposal to cut oil output

When asked about the OPEC and its allies’ (OPEC+) proposal on global oil supply cuts to compensate for a drop in demand caused by the coronavirus, Russia’s Foreign Minister Sergei Lavrov said that they back the OPEC+ recommendation to deepen output cuts.

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We support this idea.

Russian President Vladimir Putin had recently spoken with the king of OPEC’s de facto leader Saudi Arabia about the new virus, which has spread through China and beyond and sapped energy demand.

GBP/USD back in low 1.29s, giving back a premature bid in the 1.30s

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