Saudi Arabia, Russia discuss global oil markets in Riyadh

Saudi Arabia’s energy minister Prince Abdulaziz bin Salman and Russian deputy prime minister Alexander Novak discussed global oil markets and the OPEC+ group’s efforts to maintain market balance and stability, Saudi state media said on Thursday.

Both parties, meeting in the Saudi capital, affirmed their commitment to OPEC+’s decision last October to cut production targets by two million barrels per day until the end of 2023.
Source: Reuters (Reporting by Enas Alashray Writing by Alaa Swilam Editing by Mark Potter)