Reuters ahead with key Russia oil news

A new OPEC+ deal to balance oil markets might be possible if other countries join in, Kirill Dmitriev, head of Russia’s sovereign wealth fund, told Reuters, adding that countries should also cooperate to cushion the economic fallout from coronavirus. Reuters also exclusively reported that the Russian state has cut its holding in oil giant Rosneft to below a majority stake as part of its deal to buy the group’s Venezuelan assets – this will limit the risk of new U.S. sanctions on Rosneft.