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.
President His Highness Sheikh Khalifa Bin Zayed Al Nahyan has sent a congratulatory message to President Sergio Mattarella of Italy on the occasion of his country's Republic Day, marked annually on 2nd June.
Semi-autonomous Hong Kong has been rocked by months of huge and often violent pro-democracy protests over the past year, which riot police have stamped out with more than 9,000 arrests.
More than 6.27 million people have been reported infected with the coronavirus globally and 374,612 have died, a Reuters tally showed by 0258 GMT on Tuesday.