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Russian FM Lavrov Arrives In Riyadh Ahead Of OPEC Ministerial Tomorrow

OPEC+

Russian Foreign Minister Sergei Lavrov has arrived in Riyadh, Saudi Arabia following the completion of a meeting in Bahrain.

  • Tomorrow, Lavrov will meet with Foreign Ministers from Gulf Cooperation Council (GCC) states: Saudi Arabia, the United Arab Emirates, Oman, Kuwait, Qatar, and Bahrain at the GCC headquarters in Riyadh.
  • Lavrov will seek to reaffirm ties with OPEC+ despite the group showing few signs of strain.
  • The trip comes ahead of the OPEC+ ministerial in Vienna tomorrow where the cartel is expected to maintain a scheduled production increase and continue to resist calls from the West to more sharply increase production.
  • OPEC continues to assert that high oil prices are caused by geopolitics and overstretched refinery capacity rather than issues with supply.

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