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Putin and Ben Salman have agreed to extend the opepe + oil deal

(Adds Saudi Energy Minister 5)

OSAKA, Japan, June 30 (Reuters) – Russia and Arabia
Arabia has agreed to extend six nine
month agreement on reducing oil production between
OPEC members and non-member countries, Vladimir announced on Saturday

The Russian president, who talked about the outcome of one
Bilateral meeting with Saudi Arabia
This was said by Mohamed ben Salman on the margins of the G20 Summit
the agreement would have been extended in the present form and on the same

The existing agreement relates to a reduction in production
1.2 million barrels a day. This is happening happily

Countries of the Organization of Oil Exporting Countries,
Russia and other producing countries and they are in the box
The Opep + Alliance will meet in Vienna on Monday and Tuesday
discuss the rest.

Upon arrival at the Austrian capital on Sunday,
Saudi Energy Minister Khalid al-Falih said it
the agreement is likely to be extended for nine months.

"We, Russia and Saudi Arabia, will support a
Putin said of Osaka on Saturday.
it is difficult this extension, we still have to
decide whether it will be six or nine months. "

According to Kirill Dmitriev, director of the Fund
Russian direct investment, a pact that has been in place since 2017
enabled stabilization of oil prices and, in fact, a
$ 110 billion in revenue
that the Russian state is responsible for production and sales

Since the beginning of the year price of Brent crude oil
25%. But slowing growth
world economy and growth of production
US oil could affect prices.
(Katya Golubkova, Henri-Pierre Andr for French Service,
said Jean Terzian)

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