Russian President Vladimir Putin called on oil-producing countries to cap production levels at a meeting later this month, saying “it was the right decision for world energy.” A similar initiative failed in April, when Saudi Arabia backed out of an agreement after Iran said it wouldn’t join a deal until it reached pre-sanctions levels of oil production . In the interview with Bloomberg published Friday on the Kremlin website, Mr. Putin argued that it was “unfair” to expect Iran to cap output at this stage, but said he hoped a deal could be reached with the Saudi side. An informal meeting of OPEC member countries to discuss a possible cap on global oil production is scheduled to take place on the sidelines of the International Energy Forum in Algeria from Sept. 26-28. “I would very much like to […]