Menu

Russia and Saudi Arabia have agreed on the oil price stabilization

8.9.2016 Print

Energy ministers of Russia and Saudi Arabia announced after the G20 summit in China that their countries had agreed on cooperation in order to increase the oil prices. Both countries will establish a joint commission which will evaluate the oil market status and recommend political measures to stabilize the oil price. Russia is the world’s biggest and Saudi Arabia the second biggest oil producer. The supply glut has been forcing the oil prices down for the last two years.

Illustration

Do you want to read the whole article?
Get a subscription for free or from CZK 58 per month

For companies, the subscription costs from CZK 1,490 per year plus VAT. For private persons and self-employed persons for CZK 690 per year, including VAT.

Attention: Special Offer, by the end of the year use the offer for 30 days for CZK 149. However, you can also get the subscription for free.

Don't know how to proceed? See the complete subscription terms or contact us.

Order the subscription
I already have the subscription