Russia and Saudi Arabia remain firmly committed to the goals of the OPEC+ agreement to preserve market stability and balance supply and demand in the global oil markets, the Russian government said in a statement on Friday. Russian Deputy Prime Minister Alexander Novak met Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman and they officially discussed cooperation within the OPEC+ agreement that places a quota on oil production in a bid to balance oil prices.

Moscow says Russia and Saudi Arabia ‘firmly committed’ to OPEC+ goals

Posted On: August 4, 2022

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Russia and Saudi Arabia remain firmly committed to the goals of the OPEC+ agreement to preserve market stability and balance supply and demand in the global oil markets, the Russian government said in a statement on Friday. Russian Deputy Prime Minister Alexander Novak met Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman and they officially discussed cooperation within the OPEC+ agreement that places a quota on oil production in a bid to balance oil prices.