Putin says he supports OPEC+ production curbs but notes argument about market share

If you’re OPEC, you would like the hear comments from Putin suggesting he’s fully committed to production curbs. Instead, he spoke with Interfax and said that he supports restrictions on oil production but that there is an ‘alternative position’ that highlights the risk of losing market share.

The major risk for oil this year is OPEC unity breaking. This isn’t exactly a crack but it’s a nick in the dam.

This article was written by Adam Button at www.forexlive.com.