Global oil market sensitive to Israel-Hamas war; Russia ready to boost supplies to Saudi Arabia: Novak
Also Read: Oil snaps Israel-Hamas conflict-induced rally, slides over $1 on demand concerns; Brent eases to $86/bbl Novak said he and Prince Abdulaziz discussed the oil market and cooperation within the Organisation of Petroleum Exporting Countries and its allies (OPEC+). "Of course, (cooperation within OPEC+) was (considered) at our internal meeting, one of the most important topics that we discussed today," Novak said, according to Interfax news agency.
Saudi Arabia and Russia have coordinated supply cuts in recent years to support oil prices. Kremlin spokesman Dmitry Peskov said it was difficult to overestimate Russia's coordination with Saudi Arabia and other partners on global oil markets amid the escalating conflict in the Middle East.
He told reporters that the visit of Prince Abdulaziz to Moscow provided an opportunity to look into current affairs. "Of course, the global oil markets are very sensitive to the events that are currently unfolding around the Palestinian-Israeli conflict, and of course, in this case, our coordination with the Saudis and our other partners ...
is difficult to overestimate its importance," Peskov said. "Exciting news! Mint is now on WhatsApp Channels
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