Two weeks after helping secure a new arrangement with OPEC, Russian President Putin said the economy was stable, but exposed to external risks. Russia is party to a committee monitoring compliance with a production agreement coordinated by the Organization of Petroleum Exporting Countries and the largest non-member state contributor. Seated next to Saudi Oil Minister Khalid al-Falih in Vienna last month, Russian Energy Minister Alexander Novak said Russia could add about 175,000 barrels of oil per day to the market in the second half of the year. OPEC leaders said they would ease compliance with voluntary production cuts in order to offset looming and actual supply deficits in the latter half of the year. Trading at around $75 per barrel […]