BUSINES NEWS | Russia, Saudi Arabia Overcome Difference Holding Up Big Oil Cut Deal: Dimitriev

BUCHAREST | ROMANIA – Russia and Saudi Arabia have overcome difference that had presented potential hurdles to a plan for major oil output cuts aimed at shoring up crude prices hammered by the coronavirus crisis, the head Russia’s wealth fund said on Thursday.

Krill Dmitries, who is also one of Moscow’s top oil negotiators, told Reuters that moves to cut oil production needed the support of OPEC+, a group that includes Saudi Arabia and Russia, as well as others producers outside the informal grouping.

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