International

Cooperation by Russia and Saudi Arabia on international energy markets will be continued.

Some traders say the decision was driven by pricing disagreements.

OPEC and its partners implemented a slightly different version of their supply-cut agreement in 2017-2018.

Saudi Arabia has signed an agreement to supply Pakistan with crude oil and petroleum products.

The steps are part of a wider effort by the United States to undermine Mr Maduro.

The US became the world’s largest crude producer last year.

The Saudi giant and the French group are already partners in several large-scale projects in Saudi Arabia.

The level of execution of the deal by the OPEC countries in January was 86%.

OPEC and Russia have been cutting production together to support prices since 2017.

Russia first joined forces with OPEC to exert more control over international oil prices in late 2016.