- Home
- Miscellaneous
- Putin, Trump, King Salman agree to coordinate on stabilizing oil markets, says Kremlin
Putin, Trump, King Salman Agree To Coordinate On Stabilizing Oil Markets, Says Kremlin
Muhammad Irfan Published April 10, 2020 | 11:50 AM
MOSCOW, (UrduPoint / Pakistan Point News - 10th Apr, 2020 ) :Russia, the United States and Saudi Arabia have agreed to coordinate on stabilizing oil markets and minimize the impact of oil price volatility on the global economy.
"Today, Russian President Vladimir Putin had a phone conversation with U.S. President Donald Trump and Saudi Arabia King Salman bin Abdulaziz Al Saud," the Russian president's press office said in a statement on Thursday.
The Organization of the Petroleum Exporting Countries (OPEC) and its allies led by Russia, a group known as OPEC+, kicked off an extraordinary video conference on Thursday to discuss oil production cuts.
U.S. President Donald Trump said Thursday that he believes Russia and Saudi Arabia are close to reaching a deal to cut oil production amid rock-bottom prices.
"The conversation was very good. They're getting close to a deal. That's OPEC and many other countries outside of OPEC," Trump said at a White House briefing after talks with Russian and Saudi leaders.
Coupled with a price war between Saudi Arabia and Russia, oil prices have plummeted amid the COVID-19 outbreak as global fuel demand has plunged due to a drop in air traffic and production shut-downs.
Related Topics
Recent Stories
Pakistan's progress on tobacco taxation still falls short of WHO guidelines
Man involved in supplying narcotics to students held with 1.48kg hashish
Britain's King Charles III marks first anniversary of coronation
Bilawal constitutes committee to engage with Govt over privatization issue
Crackdown against power thieves intensified in Dera
Federal Ombudsman' regional office holds open court at Paroa Tehsil
Simplification of tax collection, better liaison between businessmen-tax officia ..
Pakistan's satellite mission ICUBE-Qamar milestone in space tech development: Gu ..
French Ambassador lauds Pakistan's role in regional stability
Barrister Naseem Bajwa’s Book "Europe Ki Diary" rekindles passion for national ..
President Zardari arrives in Quetta
Dr Azra Fazal Pechuho visits HM Khawaja Library
More Stories From Miscellaneous
-
Concerted efforts urged to ease traffic flow on city roads
1 day ago -
Land degradation: A threat to food security
1 day ago -
Revamping health sector, a gigantic task ahead
1 day ago -
American band promotes intercultural harmony thru music fusions
2 days ago -
Waste Management – A persistent challenge for MWMC
3 days ago -
Experts for ending child labour
5 days ago
-
Labour Day - A reminder for better facilities to workers
5 days ago -
Stage Drama Mohabati Manhoon presents in Arts council Larkana
8 days ago -
Wheat farmers in a fix on price, procurement mechanism
8 days ago -
Modern tools to help transform crime investigation procedures
8 days ago -
Sanam Marvi captivates audience with mesmerizing performance
9 days ago -
Modern Education Techniques: A pathway to achieve economic development
10 days ago