Putin urges the United States to participate in oil output cuts. The United States should join with Russia and the Organization of the Petroleum Exporting Countries in cutting crude oil production to help prop up global oil prices, President Vladimir V. Putin of Russia said Friday, in a suggestion that would turn upside down decades of American oil policy. Mr. Putin, speaking in a video conference with directors of Russian oil companies from his country residence, where he has been in seclusion because of the coronavirus outbreak, said Russia was willing to help stabilize the market by joining other countries in a cutting 10 million barrels of oil in output. “I think we need to unite forces to balance the market and limit, with these coordinated actions, oil production,” he said. The United States has cheered OPEC, the global oil cartel, when it increases output to lower prices, but […]