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On April 5, the chief executive of Russia’s sovereign wealth fund RDIF stated that Russia and Saudi Arabia are “very, very close” to a deal regarding oil production cuts. As the OPEC+ virtual meeting is expected to take place on Thursday, discussions are expected to be centered around reducing oil output. 

Moscow and Riyadh Close to an Oil Deal

< 1 minute read

On April 5, the chief executive of Russia’s sovereign wealth fund RDIF stated that Russia and Saudi Arabia are “very, very close” to a deal regarding oil production cuts. As the OPEC+ virtual meeting is expected to take place on Thursday, discussions are expected to be centered around reducing oil output. 

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