October 4, 2017 / 11:04 AM / 9 months ago

Putin: I expect world oil market to be balanced soon

MOSCOW (Reuters) - Russian President Vladimir Putin said on Wednesday he had all grounds to believe that world oil markets will soon be balanced.

FILE PHOTO - Russia's President Vladimir Putin chairs a meeting on preparations for the 2018 FIFA World Cup in Moscow, Russia October 3, 2017. Sputnik/Alexei Nikolsky/Kremlin via REUTERS

Speaking at an energy forum in Moscow, he said the situation on world oil markets depended on crude producers applying a properly thought-through approach.

Reporting by Katya Golubkova and Jack Stubbs; Writing by Christian Lowe; Editing by Louise Heavens

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