MOSCOW: Russian Energy Minister Alexander Novak met his Saudi counterpart Khalid Al-Falih in Oman on Saturday, where they both expressed satisfaction with the way oil market has been rebalancing, the Russian energy ministry said.
“The market sees the efforts are successful and reacts — the prices have almost reached $70 per barrel,” Novak told Falih, according to the ministry’s web site.
The Organization of the Petroleum Exporting Countries and other producers, including Russia, are cutting oil output by 1.8 million barrels per day under a pact running until the end of 2018.
Oman will host the joint ministerial monitoring committee, known as the JMMC, on Sunday.
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Russian and Saudi energy ministers satisfied with oil market rebalancing
Russian and Saudi energy ministers satisfied with oil market rebalancing
Crown prince speaks with regional leaders about Iranian aggression
- Calls came as several Gulf Arab states were targeted by Iranian missiles
RIYADH: Crown Prince Mohammed bin Salman spoke to several regional leaders on the phone on Saturday, the Saudi Press Agency reported.
The calls came as several Gulf Arab states were targeted by Iranian missiles after Tehran pledged to retaliate against strikes by the US and Israel that hit several cities in Iran in the early hours of Saturday.
The crown prince spoke with UAE president Sheikh Mohammed bin Zayed Al-Nahyan, Bahraini King Hamad bin Isa Al-Khalifa, Qatari Emir Sheikh Tamim bin Hamad Al-Thani, Kuwaiti Emir Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, and King Abdullah II of Jordan.
The crown prince affirmed the Kingdom’s full solidarity with, and support for, their nations and stressed “Saudi Arabia’s readiness to mobilize all its resources to assist them in responding to the brutal Iranian attacks they suffered, which undermine the region’s security and stability,” the SPA added.
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