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Saudi Arabia's Energy Minister, Prince Abdulaziz bin Salman, stated that the kingdom and Russia will respond only to actual developments regarding the potential loss of Iranian oil supplies. When asked at the St. Petersburg International Economic Forum if Saudi Arabia and Russia would step in to replace Iranian crude if it went offline, the minister declined to speculate, emphasizing that they "only react to realities." He further noted that questions not related to current realities cannot be predicted or addressed. Additionally, Prince Abdulaziz highlighted that OPEC+ remains a reliable organization amid these uncertainties.
Minister of Energy Meets with Russian Deputy Prime Minister within the Framework the Joint Saudi-Russian Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation Moreover, the meeting further addressed developments in the oil market and ongoing
Russia's Deputy PM Novak discussed situation on the oil market and the prospects for cooperation between the two countries within the OPEC+ framework with the Saudi Arabian Minister of Energy - Interfax.
Russia's Deputy Prime Minister Novak Talked About Oil Market Conditions and Future Collaboration with Saudi Arabia Within OPEC+ Framework 🇷🇺🇸🇦.
