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Russia's Putin Says Global Deal to Cap Oil Output Is Close

Russian President Vladimir Putin says the country is close to an international deal to cap oil output and that any agreement will have the backing of Russia's oil sector. Saudi Arabia, Russia, Venezuela and Qatar floated a production cap last month, but it was conditional on other producers joining in. Addressing top state and private sector oil executives, Putin said Energy Minister Alexander Novak "is agreeing and practically has agreed with his partners in the global...

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