OPEC+ will boost oil production by 411,000 barrels per day in July, marking the third consecutive monthly increase and reinforcing a major strategic shift that has driven crude prices to a four-year low.
OPEC+, which includes Russia, agreed to a large oil production hike in June, Reuters reported on May 4, citing five unnamed sources.
"I believe that certain time limits will provide opportunities to put pressure on Russia. If you have a ceasefire for an unclear period — it is a frozen conflict," President Volodymyr Zelensky said.
Earlier this month, Trump said his first trip during his second term would be to Saudi Arabia, as it had agreed to invest $1 trillion in the U.S. economy.
"They sat for 12 hours and seemed to agree on a joint statement, which, however, was not adopted because of Ukraine's position. This is also very typical and symptomatic," Vladimir Chizhov, deputy chairman of the Federation Council Security Committee claimed.
"We are talking about technical negotiations. These negotiations are immersed in details, so, of course, the content of these negotiations will definitely not be published. This is not to be expected," Kremlin spokesperson Dmitry Peskov said.
Ukrainian and U.S. delegations are scheduled to meet in Riyadh, Saudi Arabia, on March 25, AFP reported, citing a source within the Ukrainian delegation.
A "positive announcement" is expected "in the near future," a White House source told Reuters following the most recent negotiations between the U.S. and Russia on March 24.
The teams are expected to meet again following initial talks on March 23, an unnamed Ukrainian delegation official said on March 24.
A Kremlin-linked official told the Moscow Times that Vladimir Putin cannot afford to lose these territories politically, and Russia intends to solidify its grip on them at any cost.
Russia’s war in Ukraine continues to significantly influence global oil markets, with international negotiations in Saudi Arabia potentially restructuring energy supply chains and market strategies.
Key developments on March 24: * Russia, US finish 12-hour-long negotiations in Saudi Arabia * Russian missile strike on Sumy injures 88, including 17 children * 'Important but small operations' — Ukraine reclaims territory near Dvorichna in Kharkiv Oblast, military says * Oil pumping station in Krasnodar Krai shut down due to damage caused by
"Some people are saying the United States should own the power plant...because we have the expertise," Donald Trump said.
"The discussion concerned a mutual ceasefire: we won't attack their facilities at sea and rivers, and they won't attack our facilities, our Kherson and Mykolaiv ports, the Greater Odesa ports," Serhii Leshchenko, a Presidential Office advisor, said on national television.
President Volodymyr Zelensky said that the meeting between Ukrainian and U.S. delegations in Saudi Arabia was "constructive and beneficial," with progress made on key issues, in his evening address on March 23.
The meeting with a technical team comes a day before the U.S. plans to hold separate meetings with Ukrainian and Russian delegates on March 24
A U.S. technical team will meet with the Ukrainian delegation in Riyadh, Saudi Arabia on March 23, a day before the U.S. plans to mediate "indirect talks" with Ukraine and Russia.
Russian senator Grigory Karasin, who will lead Moscow’s delegation, told local Zvezda TV that he and FSB advisor Sergey Beseda would enter the negotiations with a "combative and constructive" approach.
Ukraine does not know what format the U.S. will use to negotiate with Russia in Riyadh, Foreign Ministry spokesperson Heorhii Tykhyi said.
The U.S. plans to hold indirect talks between Russia and Ukraine in Saudi Arabia to understand each side's conditions, Special Envoy to Ukraine Keith Kellogg announced on March 20.
Key developments on March 20: * Russia's Engels air base ablaze after Ukrainian drone strike, Kyiv says * Ukraine, US to hold talks in Saudi Arabia on March 24 * Putin orders Ukrainians 'without legal status' to leave Russia, occupied territories by Sept. 10 * $5.4 billion on ammunition for Ukraine 'realistic' goal,
Russia and the United States will hold consultations in Riyadh on March 24 to discuss the war in Ukraine, Yuri Ushakov said.
Ukrainian and U.S. officials are expected to meet in Saudi Arabia in the coming days for continued peace talks, President Volodymyr Zelensky said in a post to social media on March 19.
National Security Advisor Mike Waltz said he had discussed Trump's efforts to end the war in Ukraine with Yuri Ushakov, a close adviser to Putin.
Key developments on March 11: * Ukraine agrees to 30-day ceasefire if Russia abides by it, Kyiv says * US to 'immediately' resume security assistance, intelligence sharing to Ukraine * Ukraine targets Russian oil facilities in Moscow, Oryol oblasts in mass strike overnight, military claims * Putin unwilling to compromise on Ukraine, sets maximalist
The statement follows the talks between Ukraine and the U.S. in Jeddah, Saudi Arabia.
Kyiv is ready to accept Washington's proposal to immediately implement a temporary, 30-day ceasefire which can be extended by mutual agreement, the Presidential Office announced on March 11 after the talks with the U.S. in Saudi Arabia.
The talks are not scheduled to continue for a second day, FT reported.
The Ukrainian and American delegations discussed a potential ceasefire in the air and at sea, as well as a minerals deal, during the first round of talks in Saudi Arabia, Suspilne reported on March 11, citing an undisclosed source.
"President Trump has brought Russia and Ukraine to the negotiating table through historic peace talks in Saudi Arabia in pursuit of peace," the official statement reads.
Ukrainian and U.S. delegates are starting their talks in Jeddah on March 11, launching a meeting that will likely have a major impact on Washington's future support for Kyiv and any effort to end the Russia-Ukraine war.
A Ukrainian delegation is on-site in Jeddah and preparing for key talks with U.S. officials on how to end Russia's full-scale war against Ukraine on March 11, Presidential Office head Andriy Yermak said.
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