Russia won't immediately raise oil output after Iran waivers end

BEIJING: Russia^[1] will not immediately raise oil output after the United States ends sanctions waivers for buyers of Iranian crude in May, President Vladimir Putin^[2] said Saturday.
"We have an agreement with OPEC^[3] to maintain production at a certain level and this agreement is in force until July," Putin told reporters on the sidelines of a summit in Beijing^[4].

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References

1. ^{^} Russia (timesofindia.indiatimes.com)
2. ^{^} Vladimir Putin (timesofindia.indiatimes.com)
3. ^{^} OPEC (timesofindia.indiatimes.com)
4. ^{^} Beijing (www.happytrips.com)

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