Foreign ministers of Russia, Japan will discuss Putin’s upcoming visit to TokyoRussian Politics & Diplomacy December 03, 3:37
President of Luxembourg Forum welcomes Russia’s attention to threat of nuclear terrorismWorld December 03, 3:11
Presidential polls to determine vector for Uzbekistan’s further development — CEC chairmanWorld December 03, 2:44
Lavrov, Kerry discuss settlement in Syria at conference in RomeWorld December 03, 1:36
Kiev halves water supplies to LPR from another pumping station — LPR negotiatorWorld December 03, 0:50
Civilian wounded by Ukrainian sniper near Gorlovka — agencyWorld December 03, 0:31
Reconciliation agreements signed with 6 Syrian settlements — Russian Defense MinistryWorld December 02, 23:50
Russia doesn't understand why Kiev still continues operation in Donbass — LavrovRussian Politics & Diplomacy December 02, 22:59
Russian field engineers take off for Syria to take part in Aleppo demining operationMilitary & Defense December 02, 21:24
KUWAIT CITY, April 8. /TASS/. Saudi Arabia is seeking after the larger OPEC’s share on the global oil market by boosting the oil output and this will adversely affect the Russian economy, experts questioned by TASS said.
The kingdom’s oil production in March was a record high 10.3 million barrels a day, Saudi Arabia’s oil minister Ali al-Naimi said on Wednesday. The previous record was set in August 2013 when the oil production peaked 10.2 million barrels a day.
The oil prices hike is expected in the nearest future, the minister said. Saudi Arabia will continue to produce about 10 million barrels a day, al-Naimi added. Saudi Arabia is ready to contribute to the market stability recovery with participation of major OPEC and non-OPEC oil producers, the minister added.
The feedstock production growth in Saudi Arabia will adversely affect the Russian economy, Kuwait-based oil expert Kamel al-Harami said. Saudi Arabia tells Russia we will suffer together until Moscow cuts production. The message is clear, the analyst added.