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2016-01-31 12:00:00

SAUDI & RUSSIA OIL TALKS

SAUDI & RUSSIA OIL TALKS

When Saudi Arabia and Russia sat down to talk about limiting oil production 14 months ago, the discussions to stem a collapse in prices did not get very far.

"The minister confirmed that Russia was not willing to cut," Ali al-Naimi, Saudi Arabia's powerful energy minister later said about the meeting in a plush Vienna hotel. "We said 'thank you' and the meeting was over."

Days later Mr Naimi upended the oil industry, forcing through a decision at Opec headquarters to keep the taps open and put pressure on rival producers outside the cartel.

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Tags: OIL, PRICES, SAUDI, RUSSIA
Chronicle:
SAUDI RUSSIA OIL TALKS
2019, July, 20, 12:50:00
U.S. GAS PRICES DOWN TO $2.37 MMBTU
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2019, July, 20, 12:45:00
RUSSIA'S NUCLEAR COMPETITIVENESS
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2019, July, 20, 12:40:00
ADVANCED U.S. NUCLEAR
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2019, July, 20, 12:35:00
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2019, July, 20, 12:30:00
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2019, July, 20, 12:25:00
ARGENTINA'S GAS PRODUCTION UP
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2019, July, 20, 12:20:00
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