In this file photo taken with a long exposure, a pumping unit sucks oil from the ground near Greensburg, Kan. AP FILE PHOTO
VIENNA, Austria – Russia on Saturday joined an OPEC-led pledge to boost oil production in response to growing global demand, capping a week of tense diplomacy for the grouping that averted a damaging rift between arch foes Iran and Saudi Arabia.
Speaking after a meeting in Vienna, Russian Energy Minister Alexander Novak said the agreement would give the OPEC and non-OPEC countries cooperating in a landmark supply-cut pact the necessary “flexibility” to prevent the market overheating.
The non-cartel countries in the so-called OPEC+ alliance were widely expected to give their backing after ministers from the Organization of Petroleum Exporting Countries already agreed on Friday to boost output from July.

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