MITRA MANDAL GLOBAL NEWS

Saudi Arabia, Russia vow mutual commitment to oil market stability

Authentic news,No fake news.

RIYADH, May 13 (Xinhua) -- Saudi Arabia and Russia vowed in a joint statement on
 Wednesday their commitment to oil market stability.
The statement was released following a phone call between Saudi Energy Ministe
r Abdulaziz bin Salman bin Abdulaziz and his Russian counterpart Alexander Novak
, in which they reviewed oil market developments, the Saudi Press Agency reported.
The statement highlighted the firm commitment of the two states to achieving the
 goal of market stability and expediting the rebalancing of the oil market.
"We are confident that our partners within OPEC+ are fully aligned with our goals
 and they will comply with the OPEC+ agreement," the statement said, hailing
 producers around the world who have willingly adjusted their production.
The statement noted signs of improvements in economic and market indicators
, including oil demand growth.
The Russian official welcomed the additional voluntary production cuts
 made by Saudi Arabia and the steps United Arab Emirates and Kuwait took
 to support Saudi efforts.

No comments:

Post a Comment

Mitra-mandal Privacy Policy

This privacy policy has been compiled to better serve those who are concerned with how their  'Personally Identifiable Inform...