Sunday, 20 Dec 2020 05:49 AM MYT
The logo of the Organisation of the Petroleoum Exporting Countries (Opec) is seen outside of Opec s headquarters in Vienna April 9, 2020. ― Reuters pic
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RIYADH, Dec 20 Saudi Arabia and Russia on Saturday said they backed each other ahead of a key Opec+ oil summit, following a tumultuous year of differences over oil production and volatile prices.
Earlier this month, the 13-member Organisation of the Petroleum Exporting Countries (Opec), plus allies including Russia a group known as Opec+ said that from January 2021 they would raise production by 500,000 barrels per day.