3/16, 3:57 PM (Source: TeleTrader)
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Russia, S. Arabia reaffirm OPEC+'s decision to cut production

Saudi Energy Minister Abdulaziz bin Salman Al-Saud (pictured left) and Russian Deputy Prime Minister Alexander Novak (pictured right) met in Riyadh to reaffirm their commitment to the decision to cut OPEC+ production, the Saudi media SPA reported Thursday.

According to the media, the pair discussed the oil market and OPEC+ efforts to promote "market balance" and "stability" while underlining their countries' support for the decision adopted by the cartel in October to reduce production by 2 million barrels per day until the end of 2023.

Moreover, they also discussed the development and strengthening of relations between Saudi Arabia and Russia to serve the interests of "both countries."

Baha Breaking News (BBN) / JG