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Saudi Arabia signals support for Russia’s role in Opec+ as sanctions pressure mounts

Posted by ipso facto @ 11:04 on May 23, 2022  

Saudi Arabia has signalled it will stand by Russia as a member of the Opec+ group of oil producers despite tightening western sanctions on Moscow and a potential EU ban on Russian oil imports.

Prince Abdulaziz bin Salman, the energy minister, told the Financial Times that Riyadh was hoping “to work out an agreement with Opec+ . . . which includes Russia”, insisting the “world should appreciate the value” of the alliance of producers.

Saudi Arabia signals support for Russia’s role in Opec+ as sanctions pressure mounts

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.