Russia, a key non-OPEC ally, has so far opposed deeper cuts or a longer extension. But Moscow has often taken a tough stance before every meeting before approving the policy. Sources said Saudi Arabia was working on convincing Russia.

Dr. Sultan Al Jaber, UAE Minister of State and ADNOC Group CEO, highlighted during his speech at the meeting that the vision of the UAE leadership established a long-term forward-looking vision for the future of energy and oil aiming to enhance the leading and advanced standing of the UAE in the sector. He shed light on the qualitative leap achieved by ADNOC for institutional development and modernization by the adoption of innovation and technology aims to continue to contribute to the achievement of the leadership vision by diversifying sources of income and investment in national talent and business sustainability and shaping the future.

Al Mazrouei led a UAE economic delegation comprised of government and private sectors' officials in a two-day visit to Sudan where they explored paths of cementing bilateral relations in areas of trade, investment, energy, mining, electricity, infrastructure and agriculture.

Brent rose $1.20 to $61.69 a barrel, WTI crude added $1.05 to $56.22.

The essential role of natural gas in the attainment of UN Sustainable Development Goals, in particular Goal 7, as an environmentally friendly, affordable, reliable, accessible and flexible natural resource for ensuring economic development and social progress

“За почти два десятилетия ФСЭГ превратился в солидную международную организацию, помогающую газодобывающим государствам сообща продвигать свои интересы на глобальных рынках. Мы ожидаем, что в грядущие годы Форум будет играть возрастающую роль площадки для обмена мнениями, единой платформы для продвижения природного газа на мировой арене и «сверки часов» ведущих производителей газа, от которых зависит стабильность газового рынка и его будущий облик”, - подчеркнул Александр Новак.

Александр Новак и Мохаммед Баркиндо обсудили текущее взаимодействие России и Организации на международном треке, а также в рамках соглашения ОПЕК+.

Russia agreed to reduce its output by 228,000 bpd to about 11.18 million bpd in 2019 as part of cuts by the group of producers, known as OPEC+, which agreed to cut their combined output by 1.2 million bpd or 1.2% of global demand.

The ‘Power of Siberia’ pipeline, due to open on Dec. 2, will pipe natural gas around 3,000 km (1,865 miles) from Russia’s Siberian fields to the fading industrial region, which has lagged the push to gas in China’s south and east.

Сотрудничество России и Азербайджана насчитывает долгие годы и основано на принципе добрососедства и стратегического партнерства, отметил Александр Новак в ходе встречи.