the Minister of energy, industry and mineral resources of Saudi Arabia, Prince Abdulaziz bin Salman al Saud said that in Riyadh established relations with Moscow, calling them family. He stated this in a live Bloomberg TV.
the Prince commented on the question about “rather nasty divorce” between the two countries.
the Minister also commented on the new agreement in the format of OPEC+. In his opinion, the situation on the oil market soon stabiliziruemost.
a statement released to the OPEC+ Sunday, April 12, was signed by 23 countries. They have cut production of 9.7 million barrels per day. Additionally, Saudi Arabia, United Arab Emirates (UAE) and Kuwait have agreed to remove from the market an additional 2 million barrels. Unclear remain commitments which will take other countries, primarily the United States.
details of the new transaction.
