Russia applauds OPEC+ for its huge oil output cut, reportedly saying it will counter the ‘mayhem’ the US has created in the market

Russia applauds OPEC+ for its huge oil output cut, reportedly saying it will counter the ‘mayhem’ the US has created in the market

Russia hailed OPEC+ for its "thoughtful" decision to slash oil production targets, per media reports Sunday.

The move will balance the "mayhem" created by the US in energy markets, a Kremlin spokesman said.

With midterm elections ahead, the White House slammed OPEC+ for "aligning" with Moscow on the oil market.

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Russia's government has hailed OPEC+ for making a massive cut to oil production targets, reportedly saying it balances out the "mayhem" the US has spread in global energy markets.

The Kremlin comments on Sunday come after the White House slammed the output cut, accusing the oil group of "aligning with Russia." The deal is adding political pressure on the Biden administration, which wants to avoid a run-up in gasoline prices ahead of the hotly contested midterm elections in November.

OPEC and its allies last week agreed to slash their oil production quotas by 2 million barrels a day, despite President Joe Biden's efforts to persuade de facto leader Saudi Arabia to boost the targets, to ease pressure on prices for oil and in turn gas.

It's good to see the "balanced, thoughtful and