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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

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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