Oil steady as talk of new OPEC deal balances US exports

Oil steady as talk of new OPEC deal balances US exports

Saudi Arabia and Russian Federation have very little in common. The landmark meeting is to take place on October 5 in the Kremlin Palace.

The agreements which were reached between Russian Federation and Saudi Arabia have helped oil markets to stabilise, Saudi Energy Minister Khalid al-Falih told an investment forum on Thursday. "Saudi Arabia's position is among the worst of the Gulf Cooperation Council countries", he added.

The Saudi monarch's decision to visit Russian Federation, now of all times, marks a new shift in Riyadh's foreign policy, Vyacheslav Smirnov, director of the Scientific and Research Institute for Political Sociology, told Radio Sputnik.

Oil traded near $50/bbl in NY as traders weighed a flood of USA crude exports against the possibility of extended production cuts by OPEC and Russian Federation.

Wells Fargo boss makes case for his own dismissal
STOR share have rallied by 1.94% in percentage terms since the start of the year - and retreated -1.45% in the last month . Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

Though a rally in September helped propel oil into a bull market, prices have slipped back amid concern the market remains oversupplied despite cutbacks by OPEC and its allies including Russian Federation.

The Kingdom wants to mirror that strategy in India, after missing out to Russia's Rosneft in an opportunity to buy a majority stake in private refiner Essar.

Nasser will also meet Indian Prime Minister Narendra Modi on Monday as part of an industry delegation to discuss investment in the oil and gas sector, one of the sources said. King Salman called Russian Federation a "friendly nation" and said his four-day visit would boost growing ties between the world's two largest oil exporters.

Al-Falih noted that Aramco's IPO will be used as a catalyst for the opening up of the Saudi economy.

Gunman's Father Was on FBI's Most Wanted List
The gunman has been identified as 64 year old Stephen Paddock , a white make who lived in a senior center in Mesquite, Nevada. He described his brother as a multimillionaire and said they had business dealings and owned property together.

The huge Saudi investment will fund and contribute towards both technology and energy projects, including the construction of a small hydro power plant, logistics companies and building complexes. The world's largest oil company in terms of oil production and reserves, Saudi Aramco controls fields with oil reserves totalling approximately 260.8 billion barrels (99 percent of Saudi Arabia's reserves), accounting for about a quarter of the world's explored oil reserves.

At the same time, the volume of trade between Russian Federation and Saudi Arabia remains low. "The market can absorb it", he said, speaking at an energy forum in Moscow.

Matviyenko expressed her hope that King Salman's visit would be successful and fruitful, and would give a strong impetus to the development of bilateral relations. These are part of efforts by two of the world's biggest oil producers to increase cooperation.

In a sign of the improving relationship, Saudi Arabia signed preliminary agreements with Russian Federation to buy S-400 air defence systems, as well as anti-tank weapons and multiple-rocket launchers, the Saudi Arabian Military Industries said.

Apple investigates isolated reports of iPhone 8 bursting open
There's a new glass back design, a True Tone display, upgraded cameras, A11 Bionic chipset, wireless charging and other changes. If you are downgrading to iOS 10.3.3, then I would highly recommend that you make up your mind about it immediately.

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