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Putin and MBS Discuss OPEC+ Co-Operation

OIL

Putin and Saudi’s Mohammed bin Salman discussed continued OPEC+ cooperation in a phone call yesterday based on a Kremlin statement.

  • “It was noted with satisfaction that member states are consistently meeting their obligations to support the necessary balance and stability in the global energy market.” The statement said, “It was emphasized that a further coordination within OPEC+ is important,”.
  • The conversation comes shortly after Biden visited the Middle East to ask Gulf producers to increase production and is shortly ahead of the next OPEC meeting in less than two weeks.
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Putin and Saudi’s Mohammed bin Salman discussed continued OPEC+ cooperation in a phone call yesterday based on a Kremlin statement.

  • “It was noted with satisfaction that member states are consistently meeting their obligations to support the necessary balance and stability in the global energy market.” The statement said, “It was emphasized that a further coordination within OPEC+ is important,”.
  • The conversation comes shortly after Biden visited the Middle East to ask Gulf producers to increase production and is shortly ahead of the next OPEC meeting in less than two weeks.