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Kremlin committed to OPEC+ pledges, no plans to discuss oil-stock release with group -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – A 3D printed oil pump is seen in this illustration, which was taken on April 14, 2020. It can be seen next to the Opec logo and displayed stock graph. REUTERS/Dado Ruvic/Illustration/File Photo

MOSCOW (Reuters), – On Tuesday, the Kremlin stated that Russia was committed to its OPEC+ obligations. President Vladimir Putin did not intend to reach out to OPEC+ partners despite reports that key oil consumers would release their reserves.

A source close to the Biden administration said that Tuesday’s announcement of an emergency loan by the United States from its stockpile is part of a strategy it developed with key Asian energy users to reduce energy prices.

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