MOSCOW, Aug. 15 (UPI) -- The Kremlin is on board with efforts made by OPEC to stabilize market prices, but such efforts should be temporary, the Russian energy minister said.

Referencing an interview in the Arab-language Ahsarq al-Awsat, Russian Energy Minister Alexander Novak was quoted by Russian news agency Tass as saying the door is open to multilateral efforts to stimulate the market should such a need arise.

"Speculators noted that producing countries may reach an agreement," he said.

http://www.upi.com/Russia-hesitantly-on-board-with-OPEC-price-efforts/2431471263445/?nll=1

Russia has promised to cut production countless times over the years and they never do but that never stops the speculators from buying into it ;-)