Putin: OPEC+ Cooperation Could Expand To Other Areas

OilPrice.com | Oct 13, 2021 at 3:30 PM
  • The success of OPEC+ in stabilizing the oil market after last year’s price crash shows that the group has all the chances to expand cooperation and include areas such as new technologies and emissions reduction, Russian President Vladimir Putin said at the Russian Energy Week forum on Wednesday.
  • The Russian president also spoke about the turmoil in the global gas markets, especially the European market.
  • The surge in renewable energy generation across Europe left insufficient nuclear and gas-powered reserve capacity to offset the drop in wind power generation.