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Lukoil considers it necessary to resume oil talks between Russia, Saudi Arabia

The company's vice president said that the oil price would equal around $50 per barrel if the deal had not failed at the talks

MOSCOW, March 19. /TASS/. Vice President of Russia’s oil major Lukoil Leonid Fedun considers it necessary to resume talks between Russia and Saudi Arabia to stabilize the situation on the oil market.

"It is necessary to reach agreements again, though for doing that it is necessary to overcome the pessimism of those who thwarted the deal," he said in an interview aired by the RBC business news channel on Thursday, adding that the oil price would equal around $50 per barrel if the deal had not failed at the talks on March 6.

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