13 October 2022 00:32
Russian President Vladimir Putin on Tuesday (11/10/2022), hailed a recent decision by OPEC Russia and other oil producing nations to limit production, as key to stabilizing the global energy market as he met the leader of the United Arab Emirates for talks on fostering economic ties.
The Russian leader noted Al Nahyan's support for the decision of the OPEC plus group, that includes Russia to limit oil production to shore up oil prices, saying that their decisions and action aren't directed against anyone.
The decision by OPEC plus to cut oil production by 2 million barrels a day has outraged the west, where many saw it as a move that would help Putin finance Russia's invasion in Ukraine. The production cut also risked saddling President Joe Biden, and the democrats with rising gasoline prices just ahead of US midterms.
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