VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

President Vladimir Putin on  Friday said  Russia is ready to cooperate with Saudi Arabia and the United States to cut oil production. As quoted by AFP.com (04/4) Putin said Russia was willing to make agreements within the framework of the OPEC+ group and that "we are ready for cooperation with the United States of America on this issue. Putin believes that it is necessary to combine efforts in order to balance the market and reduce production.Oil prices have tumbled in recent weeks in the face of a drop in demand and global economic uncertainty over the new coronavirus pandemic.Last month, OPEC and its allies failed to reach a deal on oil production cuts after OPEC+ leader Moscow refused to tighten supply to counter the effects of the coronavirus outbreak. Speaking with Energy Minister Alexander Novak via conference call, Putin said Russia was prepared to discuss "a reduction in the volume of about 10 million barrels a day, a little less, maybe a little more//AFP