Rosneft PJSC’s said crude at $70 to 80 a barrel was a “comfortable level” and expressed satisfaction with the results of Russia’s joint supply cuts with OPEC, just a week before talks that could phase them out. The producers working together have “restored balance to the market by cutting oil production,” Russia’s biggest oil company said in a statement Friday , citing comments its Chief Executive Officer Igor Sechin made at a meeting in Moscow on Thursday with Saudi Arabia’s energy minister. “The growth in Brent crude prices to a comfortable level of $70 to $80 per barrel is a result with which we are fully satisfied,” Sechin was quoted as saying. The CEO, a close ally of Russian President Vladimir Putin, had last year questioned the wisdom of prolonging production when oil prices were closer to $60. Russia will join OPEC and other major producers next week in […]