×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: ML | Algeria | Russia | Oil

Russia, Algeria Vow to Push Ahead with Oil Production Cuts

Russia, Algeria Vow to Push Ahead with Oil Production Cuts

Tuesday, 10 October 2017 05:38 PM EDT

ALGIERS, Algeria (AP) — The prime ministers of Russia and Algeria want further global efforts to coordinate oil production cuts to push up prices.

During a visit to Algiers on Tuesday, Russian Prime Minister Dmitry Medvedev said the two countries reiterated their commitment to last year's agreement among OPEC and other oil producers to curb output. He said they want to "pursue these efforts" and discuss future options with other oil-producing countries, notably better efforts to ensure signatories are complying.

Both the Russian and Algerian economy have struggled since oil prices fell in recent years.

Algerian Prime Minister Ahmed Ouyahia said "the vital interests of our two countries converge on the subject of hydrocarbons."

Medvedev also oversaw the signing of a raft of economic agreements and discussed counterterrorism cooperation.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


MiddleEast
The prime ministers of Russia and Algeria want further global efforts to coordinate oil production cuts to push up prices.During a visit to Algiers on Tuesday, Russian Prime Minister Dmitry Medvedev said the two countries reiterated their commitment to last year's agreement...
ML,Algeria,Russia,Oil
128
2017-38-10
Tuesday, 10 October 2017 05:38 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved