Oil producers should not extend supply cuts beyond their expiry at the end of March if prices rise to $60 a barrel, said the chief executive officer of Russia’s second-largest oil company.
Russia and OPEC should wind down their deal from April if prices reach that level, said Vagit Alekperov, the billionaire CEO of Lukoil PJSC. They should not allow the market to move into a supply deficit, he said.
Watch the video to hear his take.
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