Russian Federation satisfied with current oil prices: Novak

Saudi king to make historic visit to Russia

President Vladimir Putin said on Wednesday that Russian Federation is open to extending the deal to the end of 2018, though he'll wait until nearer the expiry of the existing pact to make a decision.

While they are partners on the oil market, on the foreign policy front, Moscow and Riyadh land on opposite sides of the Syrian conflict, with Russian Federation supporting the regime of Bashar al-Assad while Saudi Arabia supports his opposition.

"We strive to continue the positive cooperation between our countries to achieve stability on world oil markets which promotes the growth of the world's economy", Salman said.

"I´m discussing." Venezuela´s oil minister, Eulogio del Pino, also said there were discussions on whether to cut further or extend the deal.

The pact between the Organization of the Petroleum Exporting Countries, Russia and other producers on cutting output by about 1.8 million barrels per day (bpd) is now due to expire in March.

More news: Henry Bolton elected the new leader of UKIP in shock result

Tass reported Thursday that Saudi Arabia was interested in buying Russia's S-400 air defense missile system.

For Russia, "price gains are more valuable than volume gains - how much can you really pump more from last year's peak production level?" he said.

Saudi Arabia is the country that buys the most USA arms and Washington and Riyadh in May announced a US$110 billion deal to sell weapons to Saudi Arabia. "Nobody knows with 100 per cent certainty as it's a closed country", Putin said, while addressing the 2017 International Forum on Energy Efficiency on Wednesday.

The 2018 World Cup will be held at 12 venues in 11 Russian cities - Moscow, Saint Petersburg, Sochi, Kazan, Saransk, Kaliningrad, Volgograd, Rostov-on-Don, Nizhny Novgorod, Yekaterinburg and Samara.

The first king of Saudi Arabia who visited Russia, Selman bin Abdulaziz, went to Moscow.

More news: Presidents Cup: Team USA continues dominant run

While Russia and Saudi Arabia are now allies on the global oil market, they are on the opposite sides in the Syria conflict, with Moscow supporting the regime of President Bashar al-Assad and Riyadh backing the opposition.

"We warmly welcome King Salman and we hope that his visit would contribute to strengthening economic, political, cultural and religious relations between our countries", he stated.

Saudi Arabia does most of its trading with the United States but may be looking to diversify that.

Russian Federation is cutting more oil production than it agreed to under the OPEC-led arrangement.

Saudi Foreign Affairs Minister Adel al-Jubeir said after talks with Valentina Matviyenko, chairman of the State Duma, that King Salman and Putin would sign a package of bilateral agreements of great importance.

More news: VW's Scania Fined $1.03 Billion by European Union for Price Fixing

Related:

  • Playtex recalls children's plates, bowls due to choking hazard

    Playtex recalls children's plates, bowls due to choking hazard

    The product number 18-001 was recalled because of the clear plastic layer over the graphics, according to the commission. The bowls were sold at places like Babies 'R Us, Target, Walmart and Amazon from October 2009 to August 2017.
    Over 134000 fleeing home as Bali volcano may erupt at any moment

    Over 134000 fleeing home as Bali volcano may erupt at any moment

    Agung's volcanic activity, advising their citizens not to visit Bali . 'The island is safe except for areas around Mount Agung . The mountain, which sits about 70 kilometers northeast of Kuta, is among more than 120 active volcanoes in Indonesia .
    Top US general: Exiting Iran nuclear pact would make future deals tough

    Top US general: Exiting Iran nuclear pact would make future deals tough

    About the Iran nuclear pact, Dunford said exiting the deal would make future deals tough. Dunford was first nominated to be chairman by former President Obama in 2015.
  • Former al-Nusra Front Leader Critically Injured in Russian Airstrike in Syria

    "The air raid - he said from Moscow - inflicted many serious wounds to the leader of Jabhat al-Nusra, Abu Mohammad al-Julani". More than 330,000 people have been killed in Syria since the conflict began in March 2011 with anti-government protests.
    LaVar Ball to home school son LaMelo for next two years

    LaVar Ball to home school son LaMelo for next two years

    LaVar says that his son, who is committed to UCLA, still intends to play for the Bruins in two years. "Less distractions. LaVar acknowledged on ESPN's "First Take" program his awareness that LaMelo might face NCAA eligibility issues.
    Russian Federation  used 200 accounts to spread propaganda

    Russian Federation used 200 accounts to spread propaganda

    Mark Warner , the top Democrat on the Senate intelligence panel, said Wednesday that he hopes Twitter will be forthcoming. All of those accounts , Twitter said , had been or were soon banned, usually for violating spam rules.
  • Zidane hints at resting Gareth Bale

    Zidane hints at resting Gareth Bale

    The opening exchange of Sunday's meeting at the Estadio Santiago Bernabeu was as one-sided as one is likely to see at this level. Real Madrid record their first home La Liga win of the 2017-18 campaign courtesy of a 2-0 success over Espanyol on Sunday night.
    NK official handling United States  affairs begins Russian Federation  visit

    NK official handling United States affairs begins Russian Federation visit

    Restrictions on Chinese trade with North Korea have posed new challenges for the North Korean leader, Cho said. The Russia-North Korea Friendship House at the Khasan crossing point on the Russian-North Korean border.
    King Salman Issues Royal Decree: Women Will Drive in Saudi Arabia

    King Salman Issues Royal Decree: Women Will Drive in Saudi Arabia

    The ban has long damaged Saudi Arabia's image overseas , where it had become a symbol of the kingdom's restrictions on women. The new rule will not take effect immediately.
  • Russian opposition leader sentenced to 20 days in jail

    Russian opposition leader sentenced to 20 days in jail

    Relations have continually worsened amid accusations of Russian meddling in the 2016 United States presidential election. This year marks 350 years since the first diplomatic relations between the two countries were established.
    Man City striker Aguero hurt in auto  crash

    Man City striker Aguero hurt in auto crash

    Sergio Agüero, the Manchester City striker, has been injured in a vehicle accident in Amsterdam, the club has confirmed. I know it's still early in the season but that's still a lot of points already. "I've broken a rib, now I'm resting.
    Russell Westbrook and Thunder agree to $205M contract extension

    Russell Westbrook and Thunder agree to $205M contract extension

    Westbrook, the league's reigning MVP, has been sitting on the deal for months; the Thunder first dangled the deal in July. The NBA All-Star guard said in the statement that he feels "so honored" to stay a part of the Thunder organization.

Comments

Latest news

Tesla Inc. (TSLA) Upgraded by Vetr Inc. to "Sell"
Eric Branderiz, an officer at ( TSLA ), sold 99 shares at a price of 350.12 to bring his total ownership in the stock to 0 shares. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink .

Microsoft is shutting down Groove Music in favor of Spotify
Microsoft plans to release an update for Groove Music that includes the option to move music to Spotify . The company has partnered with Spotify to make migrating playlists over to the new service easier.

LaVar Ball says he's going to home school his son LaMelo
According to Ramona Shelburne of ESPN , the elder Ball said, "I'm not dealing with the coach over there [at Chino Hills]". LaMelo Ball is now committed to the 2019 UCLA recruiting class and according to LaVar Ball , he is "on track for UCLA".

With America's blessing, Abbas signals a reconciliation with Hamas
Fatah , which runs the Palestinian Authority, has been responsible for administering areas of the Israeli-occupied West Bank. Previous attempts at reconciliation have failed, and there are hard obstacles which still stand in the way.

Myanmar makes offer to take back Rohingya refugees
Bangladesh, where hundreds of thousands of Rohingya burmese people are now refugees, has made proposals to return them to Burma. Myanmar officials claim violence broke out after Rohingya insurgents attacked dozens of police posts and an army base.

Assam: Ex-army man Haque asked to prove citizenship
These tribunals were set up in Assam to determine the status of citizens whose Indian nationality was found to be doubtful. This not the first case, earlier Assam police constable Abu Taher Ahmed was asked to prove his Indian citizenship .

Gales and rain to hit United Kingdom after Hurricane Maria
Britain could face a weather double-whammy from the tail ends of Hurricane Lee and Maria this weekend . Additional weakening is forecast, and Lee is expected to become a tropical storm later today.

Trump scoffs at "politically motivated ingrates" over Puerto Rico crisis
In his tweets , Trump attempted to blame the island's continuing woes on Democrats, the media and local officials. She's not doing that. "I mean, the mayor is reacting to a very chaotic situation in Puerto Rico ".

LAR 35, DAL 30: Cowboys Fail To Close Out Rams At Home
Defensively, the Cowboys are yielding 20.7 points and 315.0 total yards (227.7 in passing and 87.3 in rushing) per game. The most obvious is the jet sweep itself, but these next few examples will involve running back Todd Gurley .

Fistfight breaks out in Ugandan Parliament
A resolution was filed weeks back to allow a debate the removal of the presidential age limit now pegged at 75. According to reports, about two female lawmakers were rushed out of the hall to the hospital.

HMD bring back Nokia 3310 in 3G
The move to 3G does mean that battery life takes a hit, in the form of 6.5 hours of talk time and "up to" 27 days of standby time. All these phones have a matte finish which prolongs the durability of the device and they even sport shiny, new silver keypads.

Jose Mourinho "angry" over Premier League scheduling?
"Apart from Manchester United and us, there are other great teams with great players in the Premier League ". However, Barton has pointed to the fact City had a good start to the season previous year but fell away.

Moore gets Trump's support after beating unusual in Alabama
One of the deleted tweets - which was pointed out by MSNBC producer Kyle Griffin - was a simple show of support for odd . Whether Kushner or McConnell, a loss for unusual isn't a loss for Trump, according to the president's allies.

Bombardier, Siemens, Alstom, Tesla and more
Alstom has pared back its operations in recent years after selling its power-generation business to General Electric Co. Alstom and Siemens, Europe's leading train manufacturers, have agreed to join forces .

Madrid and Barcelona clash over control of the Catalonia police force
Spanish security forces were deployed to neutralise polling stations across the region seeking independence from the country. In that sense, the vote is more of a pressure tactic on Madrid than an outright bid for independence.

Other news