Russia, Saudi deal shows commitment to oil market stability: Novak

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Jun 30, 2019 #Asia / Pacific, #Central / Eastern Europe, #CIS Countries, #Crude Oil, #Diplomacy / Foreign Policy, #East European Countries, #Emerging Market Countries, #Energy (Legacy), #Energy (TRBC), #Energy Markets, #Europe, #G20, #General News, #Government / Politics, #Major News, #Middle East, #Middle East (Energy), #Natural Gas, #NOVAK, #Oil and Gas (TRBC), #Oil Refineries, #OPEC, #Organization of the Petroleum Exporting Countries, #Putin, #Russia, #Saudi Arabia, #summit, #united states, #US

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FILE PHOTO: Russian Energy Minister Alexander Novak attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia June 6, 2019. REUTERS/Maxim Shemetov/File Photo

MOSCOW (Reuters) – Russia’s deal with Saudi Arabia on crude production cuts shows their commitment to stabilizing the oil market, Russian Energy Minister Alexander Novak said in a statement on Saturday.

Russia has agreed with Saudi Arabia to extend by six to nine months a deal with OPEC on reducing oil production.

Reporting by Katya Golubkova and Olesya Astakhova; Writing by Andrey Ostroukh; Editing by Edmund Blair

Our Standards:The Thomson Reuters Trust Principles.

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