Kremlin: Oil-producing countries have not discussed deals outside OPEC+ format

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2 April 2020

Oil-producing countries have not discussed any specific or abstract deals beyond the format of the supply-capping OPEC+ agreement that expired at the end of last month, the Kremlin said on Thursday, APA reports citing Reuters.

Crude oil prices have fallen by around half since the Organization of the Petroleum Exporting Countries (OPEC) and other large oil producers led by Russia failed last month to extend their output deal.

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