19:30 GMT +317 October 2019
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    Saudi Arabia's Energy Minister Khalid al-Falih (File)

    Riyadh, Moscow Agree on Possible OPEC, Non-OPEC November Deal on Oil

    © AFP 2019 / Ryad Kramdi
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    Riyadh and Moscow have agreed on a deal between OPEC and non-OPEC states, Saudi Energy Minister said on Sunday.

    RIYADH (Sputnik) — Riyadh and Moscow have agreed on a deal between Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC states aimed at stabilizing oil market, which is planned to be signed in November, Saudi Energy Minister Khalid al-Falih said at a press conference on Sunday after a meeting with the Russian counterpart.

    “We have come to a consensus with Russia regarding what deal we can reach at a meeting in November,” the minister said.

    He stressed that Saudi Arabia is optimistic regarding the future of the oil market and oil prices.

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