Vladimir Putin and Saudi Arabia's Crown Prince Mohammed Bin Salman attend a meeting on the sidelines of the G20 summit in Osaka. Reuters
Russia and Saudi Arabia have agreed to extend a deal to keep oil production low owing to abundant world supplies, President Vladimir Putin said on Saturday.
“We will extend this deal, Russia and Saudi Arabia. For how long? We will think about that. For six or nine months. It is possible that it could be up to nine months,” Putin told reporters after a G20 summit in Osaka.
The OPEC cartel and its oil-producer nation allies opted in December to trim daily crude output by 1.2 million barrels.
The Organization of the Petroleum Exporting Countries, a cartel of 14 countries pumping one third of the world's oil, is holding a high-stakes meeting in Vienna on Tuesday.
The meeting comes against a background of ample global crude supplies, according to both the cartel and the International Energy Agency (IEA).
The Paris-based IEA watchdog has cut its forecast for 2019 oil demand-growth for a second straight month and has also trimmed its second-quarter forecast.Agence France-Presse
They also tackled a number of latest developments, especially the situation in Syria and Yemen, and the significance of combating extremism and terrorism and working towards drying up their source
Prime Minister Theresa May is considering a face-to-face meeting with Russian President Vladimir Putin at this month's G20 summit in Japan in an effort to begin a thaw in relations before a new British leader comes to power,
US President Donald Trump on Friday hailed his “very, very good relationship” with Russia’s President Vladimir Putin as the two leaders held talks on the sidelines of the G20 meeting.
As many nations face the dilemma of putting students back to school and ensuring the continuity of their education, the UAE’s commitment to opening schools in September, while prioritising the best interests of students, teachers and education providers, serves as a global model for efficient delivery, said a top official of UAE’s major school network.
The Maldives Ambassador to the UAE Hussain Niyaaz has expressed gratefulness for the unceasing support the host government has been extending for the pursuit of the economic growth and stability of the South Asian archipelago, also known since the ancient times as “Garland of Islands” or Maladvipa (Sanskrit).
The UAE-based renowned actor Rik Aby expressed delight on reaching the UAE after being stuck in Jordan for almost four months.
"I hope whoever hears my words will support, even if it is with the word. We need to feel that we can heal each other’s wounds, support each other. I wish all of you success until we meet at the celebration that will mark Lebanon’s freedom. That day will come. "