| Energy ministers from Russia and Qatar along with OPEC's secretary general discussed possible joint action to stabilise the oil market, Russian Energy Minister Alexander Novak said ahead of OPEC's meeting next month aiming to cement a deal agreed in Algiers.
Russia is the world's largest oil producer but not a member of the Organization of the Petroleum Exporting Countries and its budget has been hit by low oil prices, the same as for many OPEC nations. Novak, in Vienna after visiting Saudi Arabia over the weekend for talks with Saudi Energy Minister Khalid al-Falih, said sharp falls in the price of crude threatened to trigger an oil deficit and unpredictable volatility in prices.........................................Full Article: Source
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