Saudi Energy Minister Prince Abdulaziz bin Salman said that Russia-Saudi cooperation will continue within the scope of OPEC +. The agency reports that RIA News.
According to him, this made it possible to ensure stability in the oil market. Previously, Deputy Prime Minister Alexander Novak stated that all OPEC + countries have fulfilled their obligations to reduce production.
OPEC+ recently said it does not plan to hold an emergency meeting due to the situation in the Palestinian-Israeli conflict, sources said Reuters. Agency analysts believe that a risk premium has already formed in the oil price due to the escalation of the conflict in the Middle East.
In mid-October, expert Evgeny Mironyuk said that the average price of Russian Ural oil may increase in 2024-2025. to prepare $70-75 per barrel. According to him, production in the Russian Federation will decrease, but the profitability of the sector will remain high.
previously economist stated About Russia’s advantage in the oil market