Boxing Day on Red Square sets new Guinness recordSport July 23, 8:33
Joseph Dunford says Russia most military capable country of those posing threat to USWorld July 23, 4:57
Russia’s US envoy Kislyak steps down, his deputy to act as Charg d'Affaires ad interimRussian Politics & Diplomacy July 23, 1:33
Putin greets KamAZ-Master team - winner of Silk Way RallySport July 22, 15:20
Agreements on East Ghouta zone in Syria signed - Defense MinistryWorld July 22, 14:20
PAK FA offers practically unlimited opportunities to pilot - commanderMilitary & Defense July 22, 11:29
Ukraine's National Broadcasting Board issues fine to Public Radio for 0% Urkainian songsWorld July 22, 5:39
Femen movement activists faces 5 years in jail for trying to frustrate summit meetingWorld July 22, 4:38
Russian Deputy PM dismisses allegations he will arrive in Moldova on warplaneRussian Politics & Diplomacy July 22, 2:46
KRASNODAR, May 23. /TASS/. The extension of the oil production cut agreement between OPEC and non-OPEC nations is aimed at aligning the dynamics of energy prices, Kremlin spokesman Dmitry Peskov said Tuesday.
"The issue here is first of all about joint efforts aimed at aligning the dynamics of energy prices," he said when asked about the benefit for Russia’s budget from the deal’s extension.
OPEC, Russia and a number of non-OPEC oil-producing countries will discuss the extension of the agreement on reduction of oil output for another nine months at a meeting in Vienna on May 25.
Saudi Energy Minister Khalid al-Falih said earlier that all participants of the deal have already given a preliminary consent to the extension of the production cut until end-March 2018. Russian Energy Minister Alexander Novak and Khalid al-Falih have repeatedly said that it is necessary to extend the present agreements to reduce global oil reserves to the latest five-year average. The new agreement will help hit this target by end-2017, they said.