FILE PHOTO: Kremlin spokesman Dmitry Peskov listens during Russian President Vladimir Putin's annual end-of-year news conference in Moscow, Russia December 19, 2019. REUTERS/Evgenia Novozhenina
MOSCOW (Reuters) - Russia’s oil output deal with leading global producers will have an impact on global markets once it begins to be implemented, the Kremlin said on Friday.
“The impact from the deal will come,” Dmitry Peskov, the Kremlin’s spokesman, told reporters on a conference call.
Russia and other oil producers, known collectively as OPEC+, agreed over the weekend to cut their combined oil output by 9.7 million barrels per day in May-June to help weak oil markets that have been hit by the coronavirus crisis.
Despite the deal, oil prices are still heading for a second consecutive week of losses, with U.S. oil prices around 18-year lows, as the worries about the coronavirus crisis and falling oil demand persist.
Reporting by Tom Balmforth and Anton Kolodyazhnyy; writing by Vladimir Soldatkin. Editing by Jane Merriman
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Russia says oil deal will have an impact on markets when implemented - Reuters
"to have an impact" - Google News
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