Online Broadband Guide
Online Broadband Guide

Putin Hosts Saudi King to Talk About Oil, Syria

Putin Hosts Saudi King to Talk About Oil, Syria

Members of Saudi delegation walk in front of the Boeing 747 that Saudi King's Salman bin Abdulaziz Al Saud arrived with, in Moscow's Vnukovo II airport in Moscow, Russia on October 4, 2017.

Indeed, Michael Tran, commodities strategist at RBC Capital Markets, said in a note that coordination on oil policy is perhaps the "biggest deliverable" to result from the relationship, "with Russian Federation abandoning its longstanding aversion to cooperating with OPEC and essentially assuming the role of de facto co-president this year".

He reviewed the areas of joint investments in all fields, stressing his country's keenness to develop trade and investment cooperation with the Kingdom of Saudi Arabia.

Saudi Arabia has traditionally purchased defense equipment from the United States.

General Director of the Russian Direct Investment Fund, Kirill Dmitriev, delivered a speech in which he thanked King Salman for his continued support sustaining relations and cooperation between Saudi and Russian businessmen according to the Kingdom's Vision 2030. He said the two states would shortly unveil a Saudi investment in Russian toll roads, illustrating their joint interest in infrastructure projects.

The US is still Saudi Arabia's top weapons supplier and an important ally, but yesterday's deals highlighted Russia's growing influence in the Middle East.

Putin said on Wednesday it was possible to extend an OPEC deal to cap oil output "at least until the end of 2018".

Saudi Arabia signed preliminary agreements to buy Russia's S-400 air defence systems and anti-tank guided missile systems and receive "cutting edge technologies", said the Sunni state's military firm, Saudi Arabian Military Industries.

Salman said at the talks in Moscow that Saudi Arabia calls for a political solution in Syria that "guarantees security and stability and the preservation of Syrian sovereignty". The agreement is considered to be a major move for Moscow's search for new markets for its defence industry.

"We welcome the contributions of shale as demand approaches 100 million barrels (per day) next year and continues rising", he said.

With the increase in prices to above $50, producers have started hedging more heavily, said Johnson.

He said: "We believe unreasonable expectations that shale will somehow spring up at certain prices and grow exponentially have been proven to be way unrealistic".

LONDON: King Salman and Russian President Vladimir Putin on Thursday agreed deals worth billions of dollars to strengthen energy, defense and business ties.



editors' picks

October 07, 2017
Comedian Ralphie May Dead at 45
Stand-up comedian Larry the Cable Guy spoke kindly of May, saying, "You my friend were one of the nicest and kindest out there". The Hangover's Ken Jeong tweeted: 'This hurts too much. [He] helped me so much. "Thank you for everything", he wrote .

October 07, 2017
PM meets Presidents of European Council and European Commission
According to the Delegation of the European Union to India, "when concluded, this (FTA) would be one of the world's largest trade agreements, touching the lives of 1.7 billion people".

October 05, 2017
Las Vegas shooting: Gunman Stephen Paddock 'notorious for abusing girlfriend in public'
Police responded to the incident and found Paddock dead in his hotel room from what appeared to be a self-inflicted gunshot. Her two sisters, who now live in Australia, were interviewed by Australia's Channel 7 network.

October 04, 2017
No. 1 Alabama still looking to fix its Ole Miss problem
The college football odds for the game have the Crimson Tide favored listed as a four-touchdown favorite to pick up the win. The buzz around Ole Miss football is gone as the school awaits its punishment for NCAA violations committed under Freeze.

October 01, 2017
Mourinho: Man United Must Have Right Mentality Vs Crystal Palace
Hodgson's side have yet to score this season and now have a two-week break before they welcome Chelsea to Selhurst Park. It was how the Spaniard scored against Palace , running off the right touchline to sweep in Rashford's pinpoint cross.

October 01, 2017
Man City confirm Mendy has torn ACL
Steve Nicol assesses how Man City should proceed if Benjamin Mendy misses an extended period of time with a knee injury. Manchester City held off Shakhtar Donetsk 2-0 to win their second straight game to open Group F.

September 29, 2017
Arsene Wenger fires warning to Arsenal youngsters ahead of BATE Borisov clash
Olivier Giroud bagged Arsenal's fourth goal of the night and in doing so ended his seven-game wait to join an exclusive club. Nelson, faced with a defender on the wing, dummied left, right, then left again to leave his man sprawling across the floor.

September 29, 2017
IN police probe possible suspect in 2 teens' killings
The suspect has been described as standing from 5-feet-6 to 5-10 and weighing between 180-220 pounds with reddish brown hair. Investigators at that time asked the public to study the man's facial features and contact them with any information on him.

September 27, 2017
Nirmala Sitharaman refuses to deploy Indian troops on Afghanistan soil
The US president also chided Delhi's arch-rival Pakistan for offering safe haven to "agents of chaos". She said , security situation in Afghanistan and maritime security in Indian ocean were discussed .

September 27, 2017
Wildfire threatens homes, prompts evacuations in southern California
It was 5 percent contained as of early Tuesday morning, according to fire officials, who said the cause of the fire was unknown. Jeff Peterson, a resident of Corona arrived at his residence about two hours after the blaze started in the afternoon.