May 14, 2018 / 5:36 AM / 2 months ago

Russia's Novak plans to discuss U.S. withdrawal from Iran deal with Saudi Falih

MOSCOW (Reuters) - Russia’s Acting Energy Minister Alexander Novak said on Monday he planned to discuss the U.S. withdrawal from the Iran nuclear deal with Saudi Energy Minister Khalid al-Falih when they meet at an economic forum in St. Petersburg later this month.

FILE PHOTO: Russian Energy Minister Alexander Novak speaks during a news conference of the 4th OPEC-Non-OPEC Ministerial Monitoring Committee in St. Petersburg, Russia, July 24, 2017. REUTERS/Anton Vaganov/File Photo

Novak told reporters global oil prices are currently under the influence of geopolitics but “fundamentally the market is balancing out”.

Reporting by Denis Pinchuk; Writing by Andrey Ostroukh; Editing by Paul Tait

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