close
Breaking news

Meghalaya Governor Satya Pal Malik’s stand has not softened even after th...read moreAll You Need to Know About Cryptocurrency in India: Trends, Legality and Taxa...read more The Champaran Foundation, in collaboration with InFeed, organised an online e...read more In one of the biggest leaks ever of offshore financial records, the Internation...read more The Champaran Foundation, in collaboration with InFeed, is inviting entries fo...read more The recently concluded German elections on September 26, 2021 have given a divid...read more According to latest news reports, China has been on a defense infrastructure rev...read more A new line of argument has already come to dominate the public sphere: it’...read more The government has gone one step further to detect community spread of the coro...read more The government has issued an order to abolish the six allowances, including the...read more Aarogya Setu application launched by NIC is aimed to track COVID-19 affected pe...read more SEOUL| South Korea’s unemployment rate was unchanged in April as the coronavi...read more Amid the outbreak of Corona pandemic in the country, Indian government has been...read more Prime Minister Narendra Modi in his address to the nation on Tuesday indicated ...read more Corona infection in the country is taking a macabre form. So far, more than 74 ...read more Congress General Secretary Priyanka Gandhi Vadra has written a letter to UP Chi...read more On Tuesday, Prime Minister Narendra Modi announced a package of Rs 20 lakh cror...read more

Saudi Arabia, Russia Committed to Control Oil Price Dip

Saudi Arabia and Russia held discussions to further curb the crude oil supplies in order to stop the crude oil fall.

The representatives of the two countries, namely Russian Energy Minister Alexander Novak and his Saudi counterpart Princee Abdulaziz bin Salman, have said in a joint statement, that they are continuously monitoring the oil market and are ready to take measures jointly with OPEC+ and other producers, if required.

Earlier on Sunday, the group has agreed to cut down the worldwide production by 9.7 million barrels per day, after which crude oil has plunged more than 10%. But with the coronavirus pandemic, which reduced the demands of oil in the entire world, the crude oil prices are still moving downwards.

Saudi Arabia’s bin Salman has earlier on Sunday commented that his country is ready to cut oil production further if needed when the OPEC+ alliance meets again in June. “Flexibility and pragmatism will enable us to continue do more if we have to.”

Story Page