Saudi King Salman arrives in Russian Federation for first visit

Saudi King Salman bin Abdulaziz

Saudi King Salman may seek assurances from Moscow that Iran will not have a permanent role in Syria.

On defense, Saudi Arabia said it had signed a memorandum of understanding on the purchase of S-400 air defense systems from Russia's state arms exporter.

Addressing a plenary session of the Russian Energy Week, which kicked off in Moscow on October 3, he said the two countries share fundamental interests, including energy policies, fighting cybercrime, non-proliferation of weapons of mass destruction, anti-terrorism efforts and dealing with regional conflicts.

Despite regional disagreements, Russian Federation and Saudi Arabia found common ground on energy policy in November, when they worked together to secure a deal between OPEC and other oil producers to cut production in an effort to drive up oil prices. King Salman paid back the compliments by saying Russian Federation was a "friendly country". The agreement was due to expire in March 2018.

The Saudi courtship of Russian Federation reflects a convergence of interests between the nations, both of which want to spur a recovery in crude prices. The two nations - joint architects of the supply agreement between the Organization of Petroleum Exporting Countries and other producers that has boosted prices - are looking at ways to extend and deepen their relationship.

Netflix to raise its prices
The prices are already in effect for new sign-ups and will be rolling out to existing customers later this month, Netflix said . The price of the basic plan, which costs $7.99 monthly and delivers standard definition video to one screen, remains the same.

Saudi Arabia has signed preliminary agreements to buy S-400 air defence systems from Russian Federation, officials said, on the sidelines of King Salman's "landmark" visit to Moscow.

Russian Federation and Saudi Arabia on Thursday also announced major investments and joint ventures to further cement relations, with Putin and Salman signing deals from arms sales to cooperation in space.

He also said the two agreed on the importance of fighting terror and of finding peaceful solutions to conflicts in the Middle East.

Moreover, he underlined the importance of maintaining the territorial integrity of Iraq, in a clear allusion to Iraqi Kurdistan, which on September 25 held an independence referendum.

Beyond short-term market drivers, analysts at Barclays said future oil demand could be undermined by improving fuel-efficiency and the rise of electric vehicles (EV). Russian Deputy Prime Minister Dmitry Rogozin told reporters of Saudi Arabia's interest in buying S-400s which has not been formalized yet.

Related News:

  • See the Official Trailer For Amazon's

    See the Official Trailer For Amazon's "Wonder Wheel"

    The first trailer has dropped for Woody Allen 's upcoming drama with Amazon Studios , and it's looking to be one chaotic ride. But his Wonder Wheel seems to belong to the best category.
    Dubochet, Frank, Henderson win 2017 Nobel Prize in Chemistry

    Dubochet, Frank, Henderson win 2017 Nobel Prize in Chemistry

    The 2017 prize, worth 9 million kronor ($1.1 million), is being announced Wednesday by the Royal Swedish Academy of Sciences. Whereas, the physics prize awarded to Rainer Weiss , Barry Barish and Kip Thorne for detecting gravitational waves .
    Walmart makes last-mile delivery acquisition in NYC

    Walmart makes last-mile delivery acquisition in NYC

    Its current clients - who it will continue to serve, Walmart said - include meal kit companies like Chef'd and Purple Carrot. Year-to-date, WMT has gained 15.82%, versus a 14.49% rise in the benchmark S&P 500 index during the same period.
  • Time Out Group PLC

    Time Out Group PLC

    The stock of Faroe Petroleum plc (LON:FPM) has "Speculative Buy" rating given on Wednesday, November 4 by Beaufort Securities. At the time of writing, Close Brothers Group PLC (CBG.L) has a 14-day Commodity Channel Index (CCI) of -407.74.
    Metro, roads disrupted in Catalonia pro-independence protest

    Metro, roads disrupted in Catalonia pro-independence protest

    Spain's interior minister has said the 5,000 extra police officers would remain in Catalonia as long as possible. Independence supporters gather in Barcelona's main square, Spain , Sunday, Oct. 1, 2017.
    WJON Staffers Ready for Postseason Twins Baseball, Tuesday Night's Game on WJON

    WJON Staffers Ready for Postseason Twins Baseball, Tuesday Night's Game on WJON

    Saying at the stretch when the Twins were leading the Cleveland Indians in the division, he knew that this team has a real shot. It's the Twins against the Yankees in the Bronx , with the right to play in the American League Divisional playoffs at stake.
  • Trust deficit exists in Pak-US relations, says Asif

    Trust deficit exists in Pak-US relations, says Asif

    He said that Pakistan has offered Afghanistan to conduct training in counter terrorism operations and border management. The secretary of state added: "So, we think there is an opportunity for us to strengthen that relationship".
    NASA streams first of three October spacewalks

    NASA streams first of three October spacewalks

    One LEE is connected to the ISS by attaching the arm to the station; the other is extended into space and grabs the objects. The duo were visiting the space station as STS-119 mission specialists aboard space shuttle Discovery.
    Sec. of State Tillerson denies rift with President Trump

    Sec. of State Tillerson denies rift with President Trump

    He framed his response as a defense of Trump's entire " America First " foreign policy, and his own place within that strategy. Ambassador Nikki Haley's value to the administration. "We'll have a recommendation for the president".
  • Talking secrets and styles with the cast of 'Blade Runner 2049'

    Talking secrets and styles with the cast of 'Blade Runner 2049'

    Trying to get the interview back on track, Hammond asked Ford how he responded when he was asked to be in the Blade Runner remake. Yet while "2049" still stands out from the pack, it lacks the mystery of the original. "Show me the money", Ford joked back.
    PepsiCo reports 7.6% rise in quarterly profit

    PepsiCo reports 7.6% rise in quarterly profit

    National Pension Service owned approximately 0.07% of Pepsico worth $119,498,000 as of its most recent filing with the SEC. The Gardner Russo & Gardner Llc holds 9.56 million shares with $1.16 billion value, up from 9.53 million last quarter.
    Uber CEO Khosrowshahi to visit United Kingdom  to rescue London licence

    Uber CEO Khosrowshahi to visit United Kingdom to rescue London licence

    TfL cited concerns about Uber's conduct and approach in areas including checks on drivers and reporting criminal offences. Its drivers can keep operating until then and potentially after that date if the appeal process is extended.


Most liked

In memoriam: Energy East (2013-2017)
The company has said repeatedly that eastern Canadian refiners rely on imports for 86 per cent of their daily needs. Energy East would have carried 1.1-million barrels of crude oil a day from Alberta to Saint John, New Brunswick.

Pulse survivors stand with Las Vegas
A group of about 200 people gathered in downtown Orlando to pay tribute to those killed - and the loved ones they left behind. He told CNBC that while a national change in gun laws appears unlikely, the Las Vegas attack may spark state legislation.

Trump administration turns NASA back toward the Moon
He said the Space Council's mandate is to find a way to maintain 'a constant commercial, human presence in low-Earth orbit'. But it could be some time before we know how the Trump administration plans to lead in space again.

'Monopoly Man' Mocks Equifax CEO While Warren Demands Answers on Security Breach
Also, the company is now under investigation by the Department of Justice, the FBI and the Federal Trade Commission. It also said that the methods and tools used by the attackers did not match those of others of which it was aware.

Barca closed stadium to show support for Catalan voters - Bartomeu
FC Barcelona played its 3-0 victory over Las Palmas in an empty Camp Nou on Sunday after a series of heated political events. Barcelona had openly backed the referendum and criticised the Spanish government for trying to impede the vote.

'Making a Murderer' defendant Steven Avery denied new trial
Avery to amend his petition with new scientific test results and additional witness affidavits", Zellner said in the statement . An attorney for Steven Avery said she intends to file an amended appeal after a judge denied his request for a new trial.

United Blood Services sends units to Las Vegas
With 500 people injured they may need to send more units to Las Vegas as some trauma victims can use up to 100 units. Ayer said it did not take long for the phones to start ringing and donors showed up for walk-in appointments.

General Motors plans to go all-electric
EVs remain just a sliver of US sales and demand largely is regulatory-driven, but GM expects mainstream adoption of the cars soon. SURUS is a fuel cell powered, four-wheel steer concept vehicle on a heavy-duty truck frame that's driven by two electric motors.

How Facebook and Google spread false information about Las Vegas shooter
As Fast Company first reported, that included a link to a sketchy blog called "Alt Right News". The 4chan result only appeared if users entered the erroneous name as a query, Google said.

Shots Reportedly Fired at USC Campus
She allegedly told students to get down on the floor and lock the doors - "lockdown mode" - and began yelling "active shooter". The university immediately broadcast a "shelter in place" alert via its "TrojansAlert" system, Carlisle said.

White House says 'premature' to talk gun control after Vegas shooting
Sanders looked to explain the split: "There is a difference between being a candidate and being the President". She went on to repeat that today was a day of mourning, not a day to discuss policy.

McLeod nominated for IAAF Male Athlete of the Year
Voting closes on October 16, after which the athletics body will announce the three male and three female finalists. Jamaican Usain Bolt , a six-time victor of the award, was not among the 10-man shortlist.

Tom Petty has died at the age of 66
Petty also took part in The Traveling Wilburys , a supergroup featuring Bob Dylan , George Harrison, Jeff Lynne and Roy Orbison. USA rocker Tom Petty was reported on Monday, Oct. 2, to have died following cardiac arrest . "He died peacefully at 8:40 p.m.

Here's why Trump can call Kaepernick an SOB
However, one of NASCAR's most prolific drivers, Dale Earnhardt Jr., had a few different words to say about the whole situation. Almost half of the 49ers' roster were kneeling during the national anthem, while the rest of the team stood behind.

Ex-Bears receiver says it's time to start rookie Mitchell Trubisky
In the fourth quarter, the Chicago Bears tacked on a garbage time touchdown, a three-yard rush by Jordan Howard to make it 35-14. Packers players released a statement this week saying they would intertwine arms before the game as a show of unity.