Russian President Vladimir Putin had a phone conversation with Saudi Arabia’s Crown Prince Mohammed bin Salman to discuss the oil market and OPEC+. The two parties also made a note of the importance of collaboration within OPEC+, adding that OPEC+ members have consistently fulfilled their obligations to maintain market balance and stability in the energy markets. OPEC+ has consistently failed to meet its production targets over the duration of the deal. In June, OPEC+--a group that includes both Russia and Saudi Arabia—increased its…
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