Russia, Saudis Remain Committed to OPEC+, Oil Market Stability
- Alexander Novak, Abdulaziz bin Salman met in Riyadh on Friday
- OPEC+ will gather on Aug. 3 to discuss production policy
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Russia and Saudi Arabia reaffirmed their commitment to the OPEC+ agreement and a stable oil market after a meeting between Deputy Prime Minister Alexander Novak and Energy Minister Prince Abdulaziz bin Salman.
The two nations, which lead the oil-producers’ alliance, “are firmly committed to the goal of the OPEC+ agreement on preserving market stability and restoring the balance of supply and demand,” according to a statement posted on the Russian government website after the meeting in Riyadh.