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According to the kingdom’s foreign minister, Saudi Arabia is set to continue talks with Russia over determining avenues to stabilize prices for crude oil. Due to western sanctions placed on Russia over its military operation in Ukraine, Liquified Natural Gas prices have vastly increased as the EU has deviated from Moscow as a primary oil supplier in search of new ones.

Saudi Arabia will continue talks with Russia to stabilize oil prices

According to the kingdom’s foreign minister, Saudi Arabia is set to continue talks with Russia over determining avenues to stabilize prices for crude oil. Due to western sanctions placed on Russia over its military operation in Ukraine, Liquified Natural Gas prices have vastly increased as the EU has deviated from Moscow as a primary oil supplier in search of new ones.

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