Media: Russia and Saudi Arabia can't agree on a new oil agreement

06 April 2020


Russia and Saudi Arabia cannot agree on the parameters of a new agreement to reduce OPEC+production, Bloomberg writes with reference to unnamed sources. According to the agency, both sides insist that the US, which has become the world's largest fuel producer thanks to shale oil, also join the agreement and reduce production, but President Donald Trump is critical of OPEC+.


At the same time, according to the agency, it is not yet known whether Moscow and Riyadh will demand a public commitment from Washington to reduce production, or whether the parties will be satisfied with the so-called "compromise gesture". For example, Russia, as such a compromise, according to Academician of the Russian Academy of Sciences and President of the Institute of World Economy and International Relations Alexander Dynkin, would like the United States to lift some of the sanctions.


Today, April 6, the OPEC countries were supposed to hold talks, but the meeting was postponed to April 9.

 

GSV "Russia - Islamic World"

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