Business Standard

Russia, Saudi Arabia at odds over output deal ahead of Opec+ meeting

Russian Deputy Prime Minister Alexander Novak has voiced support for a gradual increase in oil output amid improving demand

crude oil prices
Premium

OPEC+ meets to set policy on March 4.

Reuters
Saudi Arabia and Russia have differences over a potential deal among OPEC+ oil producers that could ease curbs on supply starting in April, a source told RIA news agency on Monday ahead of a meeting of the group next week.
 
The Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, are likely to ease curbs on supply after April given a recovery in prices, according to sources.
 
“There was some concern from Riyadh based on the fact that its position on the fate of the deal did not match Moscow’s,” the source told

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in