Russia Said to Plan Joining Oil Talks Should OPEC Reach Deal
- Delegation from Moscow will hold bilateral meetings in Algiers
- Saudi-Iran talks in Vienna ended without supply agreement
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Russia plans to join discussions on limiting oil production only after OPEC members reach an agreement between themselves, meaning talks aimed at stabilizing the market could extend beyond Algiers next week.
The Russian delegation, set to include Energy Minister Alexander Novak, will participate in the International Energy Forum in the Algerian capital and hold bilateral meetings with other producers, but may leave before members of the Organization of Petroleum Exporting Countries hold informal talks on Sept. 28, said three people with knowledge of the matter, asking not to be identified because the information isn’t public.