Russian energy chief holds "good" meeting with Saudi counterpart

Russian Energy Minister Alexander Novak held a bilateral meeting with Saudi Arabia’s Energy Minister Khalid Al-Faleh before the meeting of the OPEC+ Joint Ministerial Monitoring Committee, according to the Russian Energy Ministry's Twitter page.

"The meeting was good," TASS cited Novak as saying.

The minister added that the parties will have time and opportunities to negotiate specific parameters of the OPEC+ oil production capping deal in 2019.

The committee is to make further policy recommendations for OPEC+ countries concerning oil production volumes at the forthcoming meeting. Russia and Saudi Arabia have not yet reached consensus on the production cut volume, as reported earlier.