A panel of OPEC+, a group of leading oil producing countries, will hold informal online talks on Saturday prior to meetings scheduled for next week, a letter seen by Reuters showed and source with knowledge of the matter said.
OPEC+ is debating whether to ease oil output cuts from Jan.1, as it previously agreed, or to continue producing at the same rate amid sluggish oil demand and fallout from the coronavirus pandemic.
The letter form the OPEC, seen by Reuters, said Russian Deputy Prime Minister Alexander Novak will attend Saturday’s informal consultations of the Joint Ministerial Monitoring Committee’s heads.
Novak was energy minister until earlier this month, leading Moscow’s efforts to forge close ties with the Organization of the Petroleum Exporting Countries and clinch the deal on output cuts.
Saudi Arabia will be presented by its Energy Minister, Prince Andulaziz bin Salman.
OPEC+ will meet on Nov.30 and Dec.1 to decide output policy for next year.
The group was due to raise output by 2 million barrels per day in January – about 2% of global consumption – as part of a steady easing of record supply cuts implemented this year.
But with demand for fuel weakening because of a second wave of the pandemic, OPEC+ has been considering delaying the increase or even making further cuts.
UAE Names ADNOC Chief Jaber As COP28 Climate Conference President
PARIS, France – The United Arab Emirates said on Thursday that Sultan al – Jaber, the head of state oil giant ADNOC, would act as president of the COP28 climate conference it is hosting this year. Jaber, also UAE’s minister of industry and technology and its climate envoy, will help develop the COP28 agenda and…
Saudi Arabia To Host Pre-Pandemic Numbers For 2023 Haj Pilgrimage Season
PARIS, France – Saudi Arabia will remove COVID-19 restriction for the 2023 haj season and host pre-pandemic numbers of pilgrims, the kingdom’s ministry of haj and umrah said on Monday. In 2019, the last yeast before the pandemic struck, some 2.6 million people performed the haj. The kingdom allowed only limited numbers from its residents…
UAE President Congratulates Netanyahu On Inauguration
PARIS, France – United Arab Emirates President Sheikh Mohammed bin Zayed al – Nahyan called Israeli Prime Minister Benjamin Netanyahu to congratulate him on his inauguration, the official Emirates News Agency (WAM) reported on Saturday. Netanyahu was sworn in as Israel’s prime minister on Thursday in a comeback at the head of a hard-right cabinet…
Former Pope Benedict Dies Aged 95
PARIS, France – Former Pope Benedict, who in 2013 became the first pontiff in 600 years to step down, died on Saturday aged 95 in the Mater Ecclesiae Monastery in the Vatican where he had lived since his resignation, a spokesman for the Holy See said. ”With sorrow I inform you that Pope Emeritus, Benedict…
Ronaldo Joins Saudi Arabian Club Al Nassr Until 2025
PARIS, France – Portugal capital Cristiano Ronaldo has joined Saudi Arabian club Al Nassr on a 2-1/2 year contract, the club announced on Friday, after leaving Manchester United to become a free agent. Ronaldo departed Old Trafford last month following an explosive television interview in which the 37-year-old forward said he felt betrayed by the…
Pele, Who Died At 82, Was A Sports Star And Cultural Icon
PARIS, France – The Brazilian soccer star said Andy Warhol told him that. It was a twist on something else the American artist is widely credited with saying, that ”in the future, everyone will be world-famous for 15 minutes”. Warhol made the soccer star’s portrait in 1977, and Pele took great pride in turning his…
Unemployment Among Saudi Citizens Increase To 9.9 In Q3/22
PARIS, France – Unemployment in Saudi Arabia among citizens increased to 9.9% in the third quarter, up 0.2. percentage points from the previous quarter but the overall unemployment rate remained unchanged at 5.9 percent, data released on Thursday showed. The rate of joblessness among citizens fell from 11.3% in the same period last year, however,…
Messi To Return To PSG In Early January, Says Galtier
PARIS, France – Lionel Messi will return to Paris St Germain at the beginning of January, the Ligue 1 club’s manager Christophe Galtier said on Tuesday. The Argentine forward, seven – times Ballon D’Or winner, scored two goals to lead his country to victory over France on penalties in the World Cup final nine days…
Iranian Woman Competes At Chess Tournament Without Hijab – Media Reports
PARIS, France – An Iranian chess player has taken part in an international tournament without a hijab, according to media reports, the latest several Iranian sportswomen to appear at competitions without one since anti-government protests began. Iran has been swept by demonstrations against the country’s clerical leadership since mid-September when 22-year-old Iranian Kurdish woman Masha…
Qatar Reiterates Denial That Its Government Involved In EU Corruption Case
PARIS, France – Qatar reiterated on Sunday that the country denies any involvement in a corruption case being investigated by Belgian authorities involving people linked to the European Parliament. Belgian authorities have charged four people linked to the European Parliament over allegations World Cup host Qatar lavished them with cash and gifts to influence decision-making.…
Success Of Joint Emirati-Saudi Mediation Regarding Release And Exchange Of Prisoners Between United States And Russian Federation
PARIS, France – – In a joint statement, the UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC) and the Ministry of Foreign Affairs in the Kingdom of Saudi Arabia, announced the success of the mediation led by His Highness President Sheikh Mohammed bin Zayed Al Nahyan, and His Royal Highness Prince Mohammed bin Salman…
China’s Xi At Saudi Palace To Meet Royals On Mideast Trip
PARIS, France – Chinese leader Xi Jinping met on Thursday with Saudi Arabia’s king and crown prince while on a visit to the kingdom, solidifying ties with a region crucial to his country’s energy supplies as sanctions intensify on Russian over its war on Ukraine. Xi arrived at Al Yamama Palace in Riyadh and was…
Loading…
Something went wrong. Please refresh the page and/or try again.
ARABIA 5AM NEWS 