Russia and Saudi Arabia are 'very, very close' to an oil production deal, says Russia's Dmitriev
The deal will bring "so much important stability to the market" and the two sides are "very close," said Kirill Dmitriev, CEO of Russia's sovereign wealth fund RDIF.
A virtual meeting between OPEC and its allies was scheduled to happen on Monday, but is now "likely" to take place on Thursday instead, sources told CNBC. Dmitriev also said Russia is working closely with U.S. authorities to have American producers participate in the output cut. Oil pumping jacks, also known as "nodding donkeys", operate in an oilfield near Almetyevsk, Tatarstan, Russia, on Wednesday, March 11, 2020.
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