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Putin calls for 'compromise' towards oil freeze

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Russian President Vladimir Putin. (AP)
Russian President Vladimir Putin. (AP)

Vladivostok - Russian President Vladimir Putin in an interview published Friday urged compromise to find agreement on an oil production freeze to combat a global supply glut.

"We consider that it is the right decision for world markets, that's the first thing," Putin told Bloomberg News.

The globe's major oil producers have been unable to strike a deal on freezing output due mainly to a dispute between Saudi Arabia and Iran over Tehran's desire to boost levels after the lifting of sanctions.

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