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

Russia's Novak, Saudi's Prince Abdulaziz did not discuss oil price dynamics - reports

Published 11/09/2019, 08:04
Updated 11/09/2019, 08:06
Russia's Novak, Saudi's Prince Abdulaziz did not discuss oil price dynamics - reports

MOSCOW (Reuters) - Russian Energy Minister Alexander Novak said on Wednesday that he and Saudi Arabia's newly-appointed energy minister, Prince Abdulaziz bin Salman, did not discuss oil price dynamics at their meeting on Tuesday, Russian news agencies reported.

Novak also said the current oil price was determined by the market, according to the reports. He added that he and Prince Abdulaziz discussed cooperation within the alliance between OPEC and non-OPEC members.

"Of course, we talked about prices as well, but did not discuss issues related to the need to change something about the prices. The prices are defined by the market, our task is to look after the implementation of the deal and market fundamentals," Novak was quoted as saying by Interfax news agency.

Novak travelled to Saudi Arabia on Tuesday to meet Prince Abdulaziz.

Latest comments

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.