Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Kremlin says Russia is ready for oil market cooperation

Published 04/06/2020, 06:14 AM
Updated 04/06/2020, 06:15 AM
© Reuters. FILE PHOTO: Kirill Dmitriev, chief executive of Russian Direct Investment Fund

MOSCOW (Reuters) - Moscow is ready to coordinate with other leading oil exporting countries to help to stabilise the global oil market, the Kremlin said on Monday.

Kirill Dmitriev, head of Russia's wealth fund, told CNBC earlier on Monday that Saudi Arabia and Russia are "very, very close" to a deal on oil production cuts.

"Moscow is ready for cooperation and interested in interaction with countries in order to stabilise the energy markets," Kremlin spokesman Dmitry Peskov told a daily conference call with reporters.

Peskov also said that talks between OPEC and other leading oil producers, a group known as OPEC+, were delayed until Thursday for technical reasons and preparations for the meeting were under way.

Latest comments

Share companies in US need $45 for survival.  Unless the deal makes the price go up to that price, the deal has no value for US.  Additionally a higher price than what it is now is good for both Russia and SA because they can rake in more money for same oil and bankrupting US Shale.
Well, I think that regardless of who it is, is good that some oil-heads are getting destroyed.
have not been meet and very close to a deal, what the point of meeting then?
I can't imagine oil will be THIS down for that much longer. Somebody will pull some manuever and bring it back up. I'm holding strong.
either trump or russian all making fool and manipulating market instead of doing any concrete action....ruussia is in also grip of covid 19
Oil down and markets up 800 points!? There is NO reason for any green!
mkt up not becos of oil. oil is dead for now.
there is no oil deal today and rally  loooooooooooool  Welcome to stock casino!
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.