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Added on the 28/10/2016 16:02:17 - Copyright : Reuters EN
Oil has steadied above $33 per barrel, well above the 12 year low set earlier in the month. As David Pollard reports, it follows Russia's apparent decision to talk to Saudi Arabia and other OPEC countries about output cuts to bolster oil prices.
Saudi Arabia will reportedly propose that OPEC cut production, driving up oil prices. Iran and Russia say they won't cooperate. Fred Katayama reports.
Former OPEC president Diezani Alison-Madueke leaves a London court after appearing over bribery charges relating to her time as Nigeria's oil minister. The UK's National Crime Agency says Alison-Madueke allegedly benefitted from at least £100,000 in cash, chauffeur-driven cars, flights and luxury holidays accepted as rewards "for awarding multi-million pound contracts". The 63-year-old was arrested in October 2015, shortly after which her family's lawyer said she would strongly contest the allegations. IMAGES
UN Secretary-General Antonio Guterres skewers oil firms for having "peddled the big lie" about their role in global warming, telling the World Economic Forum that they should be held accountable. SOUNDBITE
Abdulaziz bin Salman, Saudi Arabia's energy minister, Alexander Novak, Russian deputy prime minister in charge of energy, Suhail Mohammed Al Mazrouei, energy minister of the United Arab Emirates and Haitham al-Ghais, Secretary General of OPEC arrive at the OPEC+ meeting in Vienna, expected to agree on major production cuts to prop up prices. IMAGES
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