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.
The Abu Dhabi Emergency, Crisis and Disasters Committee for the COVID-19 Pandemic has updated procedures to enter Abu Dhabi from within the country as part of proactive efforts to contain and eliminate the spread of COVID-19. The new procedures are effective from Sunday, 17 January.
The eagerly anticipated new season of #letsmajaz is back, and set to open at the Al Majaz Amphitheatre in Sharjah on Feb.5, with a grand celebration of the rich musical traditions of Iraq.
“The two most important days in your life are the day you are born and the day you find out why,” said the American writer Mark Twain. “Why” here refers to finding out one’s life purpose or passion.
The Information City, under the chairmanship of Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum, with its strategic partner MTN inaugurates the new year 2021 by dedicating a number of humanitarian and social initiatives, as it has promised over the past fifteen years. The Information City emphasised through those initiatives its determination to continue its efforts in light of the difficult circumstances imposed by the global COVID-19 pandemic.