Putin says oil output deal helped stabilize world markets

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A deal between OPEC and other oil producers to curb oil output has played a positive role in stabilizing oil markets, Russian President Vladimir Putin was quoted as saying in an interview on Thursday.

Asked in the interview with the Financial Times if Russia would back extending the deal when it expires at the end of this month, Putin would not be drawn.

But he said that the stabilization of oil markets was in the interests of both crude producers and consumers. The future of the output deal is expected to be on the agenda when world leaders meet this week for the G20 summit in Osaka, Japan.

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