Russia said it will take a wait and see approach on whether to extend OPEC+ output cuts because the market has achieved a fragile balance, contrasting with Saudi Arabia’s view there’s still more to be done to restore oil market fundamentals. “Currently, the price is acceptable to all the parties, both to consumers and producers, and you can see that the level of volatility is extremely low,” Russia’s Energy Minister Alexander Novak said in an interview with Bloomberg TV late Sunday in Baku, Azerbaijan. “We may be balanced today but we don’t know what’s going to happen.” Uncertainties, including fluctuations in ... (full story)