Saudi says "flexible" on Russian idea to extend oil cuts to end

06 October, 2017, 00:37 | Author: Malcolm Fuller
  • Saudi says

Saudi Arabia does most of its trading with the United States but may be looking to diversify that.

A Saudi-Russian business forum is also taking place during the King's visit.

Navalny, a vocal critic of President Vladimir Putin, was jailed for 20 days on Monday for repeatedly violating laws governing the organization of public meetings and rallies.

Countries like Saudi Arabia, Russia and Venezuela have been struggling to cope with the impact of low oil prices.

The dramatic improvement in relations between Russian Federation and Saudi Arabia comes even though both countries support different sides in the six-year war in Syria. The recovery in oil markets has helped other commodities, he added.

Energy Minister Khalid al-Falih said Saudi Arabia was "flexible" regarding Moscow's suggestion to extend the pact until the end of next year.

Saudi Arabia and Russian Federation produce nearly a quarter of all oil in the world. Brent crude was up more than 2 percent at $57.12 a barrel by 1615 GMT. Mr Putin sent in Russia's military to prop up Bashar Al Assad, the Syrian leader, in 2015, while the Saudis are financing rebel groups.

The leaders and high-level representatives are expected to tackle what has positioned them on opposing sides of a bloody warfare in Syria.

KSA and Russian Federation to bolster cooperation through $1bn-fund for energy
Saudi Arabia's King Salman arrived in Moscow on Wednesday, the first official visit to Russian Federation by a ruler of the Sunni state.

Ronald Koeman 'not unhappy' with Everton's attitude despite loss to Burnley
The show of support - often perceived as a prelude to a sacking - was offered by the Blues' majority shareholder, Farhad Moshiri .

On run for a month, Honeypreet Insan now behind bars
The court's order was based on the ground that she was evading arrest and hence, not entitled to any discretionary relief. Honeypreet was last seen during Ram Rahim Singh's pronouncement of the verdict by the CBI court in Panchkula.

He said the territorial integrity of Iraq must be preserved.

His Saudi counterpart, Adel al-Jubeir, said new horizons had opened for Russia-Saudi ties that he could not previously have imagined.

The S-400, touted as being able to hit targets at a distance of 400 kilometres, is the most advanced offer from Russian Federation. "We seek to strengthen bilateral relations for the sake of peace and security, for the sake of the development of the global economy", the Saudi monarch stressed.

As a result of the talks, the two countries may sign a number of documents to conclude landmark deals in the energy sector, infrastructure, high-tech and other sectors of the economy, which, as many experts acknowledge, will take the relationship between the world's two largest producers and exporters to the level of strategic partnership.

The Russian Energy Ministry quoted Novak as saying in an interview with the Financial Times that the deals would include a $ 1.1 billion agreement by which Russian petrochemical company Sibur will build a plant in Saudi Arabia.

A joint Saudi-Russian investment fund was launched worth $1 billion.

Absent from the slew of deals was any agreement on Saudi Aramco taking a stake in an Arctic liquefied natural gas project run by Russia's Novatek.

Recommended:

  • Senate intel committee still looking into Russian Federation

    Senate intel committee still looking into Russian Federation

    Last week, Mr Burr said there is no evidence of anything so far connecting Mr Trump's campaign and Russian interference . But he added that Russian intelligence could threaten the next round of congressional elections next year.
    Hadiya has right to take own decisions: SC will examine nullifying marriage

    Hadiya has right to take own decisions: SC will examine nullifying marriage

    Will Your Lordships order NIA probe into it? The woman, a Hindu, had converted to Islam and later married Jahan. Hindustan Times quoted the Supreme Court as saying , "A father can't have control over 24-year-old girl".
    Kovind pays tributes to Gandhiji in Porbandar

    Kovind pays tributes to Gandhiji in Porbandar

    All 24,000 odd branches of the bank along with over 500 regional centers have been instructed to participate in this cleanliness drive, she said.
  • TransCanada terminates Energy East pipeline

    TransCanada terminates Energy East pipeline

    In a statement released by TransCanada, the company said it is now reviewing the company's $1.3 billion carrying value. Governments need to step up with a plan to assist oil sands workers in transitioning into clean energy jobs".
    Jalal Talabani, first elected president of Iraq - obituary

    Jalal Talabani, first elected president of Iraq - obituary

    One of Talabani's sons, Qubad, is the current deputy prime minister of the autonomous Kurdish region in northern Iraq. As Secretary General of the PUK, he became involved in armed resistance against the government of Saddam Hussein.
    General Motors Company (NYSE:GM) Holdings Trimmed by Systematic Financial Management LP

    General Motors Company (NYSE:GM) Holdings Trimmed by Systematic Financial Management LP

    General Motors Company , launched on August 11, 2009, designs, builds and sells cars, trucks, crossovers and automobile parts. On August 4, 2017 the stock rating was rated "Neutral" according to a Nomura report down from the previous "Buy" rating.
  • GoPro stock dips on news of new Google camera

    GoPro stock dips on news of new Google camera

    For Google , Clips falls in line with the intended theme of today's event: harmoniously combining AI, software, and hardware. Clips will also link directly to your phone, with no need for an internet connection.
    Nobel Prize in Physics awarded to LIGO and gravitational wave detectors

    Nobel Prize in Physics awarded to LIGO and gravitational wave detectors

    That worries me a lot, said Rainer Weiss , an emeritus professor of physics at MIT , and part of the team honored on Tuesday. They did this using a highly sophisticated detector to "listen" in on the event around 1.8 Billion light-years away.
    Google, Facebook and Twitter put out fake news on Las Vegas massacre

    Google, Facebook and Twitter put out fake news on Las Vegas massacre

    Also, apparently Google is putting 4chan threads in their top story unit now? The search results below the top stories did little to help clarify the situation.
  • Uber CEO seeks to mend bridges with the TFL

    Uber CEO seeks to mend bridges with the TFL

    Recode's Kara Swisher and Theodore Schleifer reported more details on the proposals that the board is considering next week. Mr Kalanick resigned in June following pressure from shareholders over sexual harassment claims and other scandals.
    Remembering Tom Petty On The World Cafe

    Remembering Tom Petty On The World Cafe

    He encouraged it. " You can stand me up at the gates of hell / But I won't back down! ". "I'm mostly just a reefer guy", he says. In the biography, Petty spoke candidly to Zanes about the abuse he suffered as a child and his struggles with heroin addiction.
    Yemen Houthi Fighters Shoot Down US Surveillance Drone

    Yemen Houthi Fighters Shoot Down US Surveillance Drone

    The Iran-backed Houthi are fighting against the Saudi-led coalition, which the United States supports with weapons. An armed US drone was shot down in western Yemen on Sunday, the Pentagon confirmed Monday.


Popular

Modi, Jaitley, Shah hold crucial meet on economic slowdown; major announcements likely
The news channel added that while Jaitley had left the meet, Modi and Shah were still in the meeting. On Wednesday, Adityanath led the yatra along with Kerala BJP president Kummanam Rajashekharan.

Palestinian parties meet to settle disputes
One of the major issues will be merging government institutions in Gaza and the West Bank. Officials in Ramallah welcomed Hamas' announcement.

Tropical depression forms in Caribbean, could impact Florida's panhandle
Ensemble-based track probabilities for 90L over the next ten days from the ECMWF model (left) and GFS model (right). The good news is the chance of this developing into a tropical system is very low (odds of development at 10%).

Smart Tattoo Ink Changes Color as it Monitors Vitals
Short battery life is one of the major drawbacks, as is the need for wireless connectivity. The team tattooed the inks onto pig skin and observed how the colour changed.

Las Vegas gunman may have planned to attack Lorde concert first
He had been serving a 20-year term in federal prison for a 1960 bank robbery in Phoenix, Arizona, when he escaped in 1969. TUBE TROUBLES When is the next Tube strike and which London Underground lines are affected?

Honeypreet found, claims no impure relationship with 'papa' Ram Rahim Singh
The court's order was based on the ground that she was evading arrest and hence, not entitled to any discretionary relief. She further said that, "Everything in the recent past has affected my mental state and I have been branded as traitor".

National Basketball Association changes 2018 All-Star Game format, eliminates traditional East vs. West
There will surely be a bunch of narrative with this new All-Star Game and the West is too stacked to do the old format anyways. All-Star Game rosters and captains will be announced on January 18 while the reserves will be unveiled five days later.

Trump discourages Tillerson from talking to N. Korea
President Donald Trump tweeted about "Little Rocket Man" again on Sunday. "We have lines of communication to Pyongyang". At the same time, increased sanctions and diplomatic pressure have done little to force North Korea to alter course.

Nawaz Sharif set to be re-elected as PML-N chief
The general council of the PML-N will meet at the Convention Center today to elect Nawaz Sharif as the party chief. Meanwhile, the court re-issued bailable arrest warrants for Nawaz's daughter, Maryam Nawaz.

Mark Zuckerberg Posts Yom Kippur Apology For Any Divisiveness Caused By Facebook
The company's knee-jerk response has often been "none of your business" when confronted about these consequences, he said. Facebook turned over the $100,000 worth of advertisements to congressional investigators on Monday .