Participants, including Putin and Falih, third left, attend a session of the Russian Energy Week international forum in Moscow.
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Iran accused Saudi Arabia and Russia Wednesday of breaking OPEC's agreement on output cuts by producing more crude, adding that the two countries would not be able to produce enough oil to make up for a reduction in Iranian exports.Kazempour Ardebili, Iran's representative on OPEC's board of governors, said that U.S. sanctions on Iranian oil were "impossible," and called on Trump to return to the nuclear deal with Tehran.The deal underlines how Russia and Saudi Arabia are increasingly deciding oil output policies bilaterally, before consulting with the rest of OPEC.Since then, Reuters has reported that Riyadh planned to lift output by some 200,000 bpd to 300,000 bpd from September to help fill the gap left by lower Iranian output due to the sanctions.Russian output rose 150,000 bpd in September. Russia produced 11.36 million bpd in September, up from 11.21 million bpd in August, Energy Ministry data showed.
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