Investing.com - President Vladimir Putin personally has agreed to planned Russian oil output cuts, the Kremlin said Wednesday.
It said a consensus has been reached with oil firms on cooperating with OPEC.
Kremlin spokesman Dmitry Peskov told reporters Putin had "personally" made contact with leading oil companies.
OPEC agreed last week to cut output by 1.2 mn b/d from the start of next year to 32.5 mn barrels.
Russia and other non-OPEC are due to meet this weekend with OPEC on a proposed 600,000 b/d cut by the former.
Russia has indicated willingness to bear some 300,000 barrels of that cut.
U.S. crude was off 0.57% at $50.64 at 07:45 ET.