OPEC+ Keen to Keep Oil Prices at $65–$75 a Barrel, Lukoil Chief Says

OPEC+ Keen to Keep Oil Prices at $65–$75 a Barrel, Lukoil Chief Says
A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture on April 14, 2020. Dado Ruvic/Illustration/Reuters
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MOSCOW—The head of Russia’s No. 2 oil producer Lukoil said that oil prices of $65–$75 were “comfortable” for consumers and that the OPEC+ group of leading oil-producing nations was striving to maintain that price range by regulating output.

In an interview with the Kommersant newspaper published on Tuesday, Vagit Alekperov said curbs on oil output would depend on market conditions.