Saudi Arabia, Russia to Bring Energy Market Stability: Putin
Russian President Vladimir Putin ensured that Russia is willing to cooperate with Saudi Arabia to bring stability to the global energy market.
Russian President Vladimir Putin ensured that Russia is willing to cooperate with Saudi Arabia to bring stability to the global energy market.
The Saudi Oil Minister, Prince Abdulaziz bin Salman, discussed with the Minister of Economic Development of the Russian Federation, energy cooperation to stabilize the global energy market.
Saudi Arabia and Russia cooperate to bring “perpetual stability” in the global oil markets, Prince Abdul Aziz bin Salman, the Kingdom’s energy minister.
UAE Minister of State and CEO of the Abu Dhabi National Oil Company (ADNOC) Sultan Ahmed Al-Jaber discussed opportunities for collaboration with Russian Minister of Energy Alexander Novak.
The Organization of the Petroleum Exporting Countries (OPEC) may consider new metrics for the global oil output cuts.
The Iraqi Ministry of Oil announced that it has signed a deal with Stroytransgaz for the exploration, development, and production of bloc 17 in the Western Anbar province.
The Organization of the Petroleum Exporting Countries (OPEC) has recorded its first monthly increase in oil output this year.
Saudi Arabia’s crude oil exports to China soared to 1.74 million barrels per day (b/d) in July, while shipments to the US tumbled to 161,000 b/d compared with 1.03 million b/d a year earlier.
The Saudi Minister of Energy, Khalid Al-Falih has discussed with his Russian counterpart the recent developments in global oil markets.
Saudi Aramco and Russia’s Lukoil are considering a partnership for two natural gas projects in Uzbekistan.