Saudi king, Putin eye energy, arms deals on landmark Russian Federation visit

Saudi king, Putin eye energy, arms deals on landmark Russian Federation visit

Saudi king, Putin eye energy, arms deals on landmark Russian Federation visit

New York, London and Hong Kong are the main contenders.

Putin admitted that he once met United States President Donald Trump, but said he has no personal ties with the USA leader.

While oil returned to a bull market last week, it's still trading at half mid-2014 levels on concern that output curbs by the Organization of Petroleum Exporting Countries and its allies won't be sufficient to clear a global surplus.

"In the kingdom, we have to keep all options open, President Putin agreed with us on this and expressed his readiness to extend until the end of 2018 if this is agreed, and if this is the best option", Falih told Al Arabiya television.

He further said that Russian Federation is satisfied with the current level of oil prices.

Russian Federation and Saudi Arabia have clinched a number of lucrative deals as King Salman paid the first official visit to Russian Federation by a Saudi monarch. Brent crude was up more than 2 percent at $57.12 a barrel by 1615 GMT.

Oil prices rose on Thursday on signs that Saudi Arabia and Russian Federation would limit production throughout next year outweighed record USA exports and the return of production at a major Libyan oil field.

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. We don't know. Who knows what they have there and where.

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Uttar Pradesh Chief Minister Yogi Adityanath took over the baton on Wednesday. "The Supreme Court has already passed an order on it and the NIA is investigating it", Yogi added.

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Indonesian Siti Aisyah, left, and Vietnamese Doan Thi Huong, right, are escorted by police as they leave their court hearing. Diplomatic relations between North Korea and Malaysia , once somewhat friendly, collapsed as a result of the murder.

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Pakistan daily, Dawn , reported that on Monday the ruling PML-N has cleared the way for Sharif to be re-elected as the party president.

Russia's foreign minister, Sergey Lavrov, said after the talks that Mr Putin and King Salman had discussed conflicts in the Middle East, as well as reconfirmed the need to fight terrorism.

The move by OPEC and non-OPEC producers to balance the market is working, but the work is not yet finished, Saudi Arabia's oil minister said from Moscow.

Prices jumped nearly 10 percent in September on forecasts for strong demand, on signs the surplus was finally easing, and on threats from Turkey to potentially block oil exports from Iraqi Kurdistan.

Climbing U.S. shale production has kept a lid on price gains, but Falih said inventories were still falling. "The problem is next year", when prices may average $55, UBS forecasts show.

Indian oil minister Dharmendra Pradhan said earlier this year that Aramco wants to have exclusive talks for a stake in a planned 1.2 million barrel per day refinery on India's west coast. That is nearly as much as major OPEC member Iran produces.

"We will be looking at (evaluating) investors as we continue to make progress related to timing and location". Prices fell $0.44, or 0.9%, to $49.98 on Wednesday.

Alexander Dyukov, CEO of Gazprom Neft, commented: "Given the ongoing macroeconomic uncertainties, it is of paramount importance that major oil producers coordinate their activities to improve the stability of the global oil and gas market".

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