Sistema reports arrest of its stakes in MTS, Medsi, BES as part of dispute with RosneftBusiness & Economy June 26, 20:58
Russian submarine successfully test-fires Bulava intercontinental missileMilitary & Defense June 26, 19:20
Rosneft and RBC reach friendly settlement on defamation lawsuitBusiness & Economy June 26, 18:50
Number of centers issuing FAN IDs to be increased ahead of FIFA Confederations Cup FinalSport June 26, 18:33
News about anti-doping probe against Russian football team players is fake — executiveSport June 26, 18:25
Putin refers to State Duma Council of Europe convention against financing terrorismRussian Politics & Diplomacy June 26, 18:15
Russia to lay down 2 diesel-electric submarines for Pacific Fleet in JulyMilitary & Defense June 26, 18:07
Russia’s Khramtsov wins first gold at 2017 World Taekwondo ChampionshipsSport June 26, 18:03
Russian Navy to get four frigates by 2020Military & Defense June 26, 17:41
VIENNA, December 10. /TASS/. Agreement on reducing oil production will stabilize global markets, the Energy Ministry of Saudi Arabia Khalid al-Falih said during the joint press conference following OPEC and non-OPEC meeting in Vienna. The agreement on reducing oil production volume is not closed, other countries can join as well.
Agreement between non-OPEC countries to cut oil production is a "historic moment", the energy minister of Saudi Arabia noted.
He also said he was sure that all countries would comply will agreements on oil production cuts. Next meeting of OPEC with non-OPEC countries will be held in June.
The agreement on optimization of oil production was joined by 11 non-OPEC states. Bolivia is the only non-OPEC nation which declined to join the agreement.