Oil Prices Rise as Russia and Saudi Pledge Continued Production Limits

</p> <p>Russia and Saudi Arabia have agreed to continue limiting oil production until the end of March 2018.</p> <p><span>Oil prices jumped by 2.1 percent following the announcement on Monday morning, with Brent crude reaching $51.88 per barrel.</span></p><div class="tbrjs66745b2b0cd48" ><!-- Yandex.RTB R-A-749142-1 --> <div id="yandex_rtb_R-A-749142-1"></div> <script type="text/javascript"> (function(w, d, n, s, t) { w[n] = w[n] || []; w[n].push(function() { Ya.Context.AdvManager.render({ blockId: "R-A-749142-1", renderTo: "yandex_rtb_R-A-749142-1", async: true }); }); t = d.getElementsByTagName("script")[0]; s = d.createElement("script"); s.type = "text/javascript"; s.src = "//an.yandex.ru/system/context.js"; s.async = true; t.parentNode.insertBefore(s, t); })(this, this.document, "yandexContextAsyncCallbacks"); </script></div><style type="text/css"> @media screen and (min-width: 1201px) { .tbrjs66745b2b0cd48 { display: block; } } @media screen and (min-width: 993px) and (max-width: 1200px) { .tbrjs66745b2b0cd48 { display: block; } } @media screen and (min-width: 769px) and (max-width: 992px) { .tbrjs66745b2b0cd48 { display: block; } } @media screen and (min-width: 768px) and (max-width: 768px) { .tbrjs66745b2b0cd48 { display: block; } } @media screen and (max-width: 767px) { .tbrjs66745b2b0cd48 { display: block; } } </style> <p><a target="_blank" href="//www.interfax.ru/business/562287" rel="noopener">In a joint statement,</a> Russian Energy Minister Alexander Novak and Saudi Energy Minister Khalid al-Falih said the move would ensure “the stability, predictability and the progressive development” of the oil market.</p> <p>As well as reaffirming their confidence in the agreement, the pair told reporters that other countries involved in the deal were still committed to the cause. “I don’t see reasons for any country to quit,” he said. </p> </div> </div> <div class="wp-block-template-part"> <div style="height:0" aria-hidden="true" class="wp-block-spacer"></div> <div class="wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained" style="margin-top:var(--wp--preset--spacing--70)"> <hr class="wp-block-separator alignwide has-css-opacity is-style-wide"/> <div class="wp-block-columns alignwide has-small-font-size is-layout-flex wp-container-core-columns-layout-1 wp-block-columns-is-layout-flex" style="margin-top:var(--wp--preset--spacing--30)"> <div class="wp-block-column is-layout-flow wp-container-core-column-layout-1 wp-block-column-is-layout-flow"> <div class="wp-block-group is-layout-flex wp-container-core-group-layout-4 wp-block-group-is-layout-flex"> <p> Posted </p> <div class="wp-block-post-date"><time datetime="2017-05-14T08:45:00+00:00">May 14, 2017</time></div> <p> in </p> <div class="taxonomy-category wp-block-post-terms"><a href="https://cultureru.com/category/news/" rel="tag">News</a></div> </div> <div class="wp-block-group is-layout-flex wp-container-core-group-layout-5 wp-block-group-is-layout-flex"> <p> by </p> <div class="wp-block-post-author"><div class="wp-block-post-author__content"><p class="wp-block-post-author__name">admin</p></div></div> </div> </div> <div class="wp-block-column is-layout-flow wp-container-core-column-layout-2 wp-block-column-is-layout-flow"> <div class="wp-block-group is-vertical is-layout-flex wp-container-core-group-layout-6 wp-block-group-is-layout-flex"> <p> Tags: </p> </div> </div> </div> </div> </div> <section class="wp-block-template-part"> <div class="wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained" style="padding-top:var(--wp--preset--spacing--40);padding-right:var(--wp--preset--spacing--40);padding-bottom:var(--wp--preset--spacing--40);padding-left:var(--wp--preset--spacing--40)"> </div> </section> </main> <footer class="wp-block-template-part"> <!-- Yandex.Metrika counter --> <script type="text/javascript" > (function(m,e,t,r,i,k,a){m[i]=m[i]||function(){(m[i].a=m[i].a||[]).push(arguments)}; 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