Russia will continue to cooperate with the Organization of Petroleum Exporting Countries (OPEC) on global crude production levels, Reuters quoted Russian President Vladimir Putin as saying in Singapore on Thursday.

 

Speaking to reporters on the sidelines of a regional conference, Putin also said Russia is fine with the oil price of around $70 per barrel.

 

According to another report by the Russian TASS news agency, Putin said, “A reasonable price both for producers and consumers is needed. What we are having now, what has been recently - around $70 (per barrel) - is just fine for us."

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