‪Saudi, Russian oil ministers meet in Doha: Qatari official‬

‪Saudi, Russian oil ministers meet in Doha: Qatari official‬
February 16, 2016 | 12:15 PM
Ali Al-Naimi
Ali Al-Naimi
February 16, 2016 | 12:15 PM
Last Updated: February 16, 2016 | 12:15 PM
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‪DOHA — The Russian and Saudi oil ministers met Tuesday in Doha to discuss the global supply glut that has sent prices plunging, a Qatari official said.‬ ‪The oil ministers of Venezuela and Qatar also attended the talks, the official said.‬ ‪News of the meeting between Saudi Arabia's Ali Al-Naimi and his Russian counterpart Alexander Novak pushed up oil prices on world markets, with European benchmark Brent crude rising above $34 a barrel.‬ ‪Oil prices have tumbled about 70 percent since June 2014, hit by oversupply, sluggish demand and worries about the global economic outlook.‬ ‪At around 0600 GMT on Tuesday, Brent crude for April delivery was trading $1.30, or 3.89 percent, higher at $34.69 a barrel.‬ ‪US benchmark West Texas Intermediate for March delivery was up $1.30, or 4.42 percent, at $30.74. — AFP‬