Russia's Putin - Saudi Arabia taking tough stance on OPEC deal

BRASILIA (Reuters) - Russian President Vladimir Putin said on Thursday that Saudi Arabia was taking a tough stance on the output deal between OPEC and its allies because of Saudi Aramco's initial public offering, but that Moscow respected Riyadh's interests. Speaking to reporters in Brazil at a summit for BRICS countries, Putin said Moscow should continue its cooperation with OPEC and that cooperation should not only be on oil production cuts. (Reporting by Vladimir Soldatkin and Gabrielle Tétrault-Farber; writing by Tom Balmforth; editing by)

Reuters November 15, 2019 02:07:36 IST
Russia's Putin - Saudi Arabia taking tough stance on OPEC deal

Russias Putin  Saudi Arabia taking tough stance on OPEC deal

BRASILIA (Reuters) - Russian President Vladimir Putin said on Thursday that Saudi Arabia was taking a tough stance on the output deal between OPEC and its allies because of Saudi Aramco's initial public offering, but that Moscow respected Riyadh's interests.

Speaking to reporters in Brazil at a summit for BRICS countries, Putin said Moscow should continue its cooperation with OPEC and that cooperation should not only be on oil production cuts.

(Reporting by Vladimir Soldatkin and Gabrielle Tétrault-Farber; writing by Tom Balmforth; editing by)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

France confirms it will read black boxes of downed Ukrainian jet, Canada to help
World

France confirms it will read black boxes of downed Ukrainian jet, Canada to help

By Tim Hepher and David Ljunggren PARIS/OTTAWA (Reuters) - France said on Friday it would download the black boxes from a Ukrainian airliner downed by an Iranian missile in January, easing a stand-off over where they should be read. France's BEA crash investigation agency said it was acting at the request of Iran, which remains responsible under global rules for conducting a formal accident probe after acknowledging that the Boeing 737 was downed by its forces

Texas and Florida crack down on bars, reversing coronavirus reopening
World

Texas and Florida crack down on bars, reversing coronavirus reopening

By Brad Brooks LUBBOCK, Texas (Reuters) - With new coronavirus cases surging in Texas and Florida, officials in both states on Friday ordered bars to close again and imposed tighter restrictions on restaurants, setting back efforts to reopen their economies. Governor Greg Abbott gave bars in Texas until midday Friday to shut, while Florida's Department of Business and Professional Regulation told bars to immediately stop serving alcohol on their premises

U.S. Senate backs bill to punish China over Hong Kong
World

U.S. Senate backs bill to punish China over Hong Kong

By Patricia Zengerle WASHINGTON (Reuters) - The U.S. Senate passed legislation on Thursday that would impose mandatory sanctions on people or companies that back efforts by China to restrict Hong Kong's autonomy, pushing back against Beijing's new security law for the city. The measure also includes secondary sanctions on banks that do business with anyone found to be backing any crackdown on the territory's autonomy, potentially cutting them off from American counterparts and limiting access to U.S.