Russia is comfortable with the current level of oil prices at around $60 a barrel, Russian President Vladimir Putin said at an investment forum on Wednesday, also thanking Saudi Arabia and its Crown Prince Mohammed bin Salman for the OPEC-Russia cooperation in managing the oil market. Russia is comfortable with $60 oil, as its budget is balanced at $40 oil price, and for next year, that budget-balance oil price is calculated at $43 a barrel, Putin said today, a week ahead of the OPEC+ meeting in Vienna and just a few days before the G-20 summit in Buenos Aires, at which Putin is expected to meet separately with U.S. President Donald Trump and with the Saudi Crown Prince. “We are now in contact with OPEC and if needed, we will continue this joint work,” Putin said, referring to the OPEC cooperation with non-OPEC nations led by Russia. Just two […]