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
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.
Russian President Vladimir Putin will visit Saudi Arabia, a traditional US ally in the Middle East, in October this year, Saudi Energy Minister Khalid al-Falih said on Monday.
During the conversation by all means conducive to maintain its security and stability, re-asserting that the negative effects of the attacks (on two Aramco's facilities) on the US economy as well as the world economy.
As part of its food security programme, the Emirates Red Crescent distributed 650 food baskets, weighing more than 50 tonnes, to 3,250 needy families.
Key players include media mogul Nabil Karoui — behind bars due to an ongoing money laundering probe — Abdelfattah Mourou, who heads a first-time bid on behalf of his Islamist inspired Ennahdha party, and Prime Minister Youssef Chahed.