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Saudi Arabia Signals Support For Russia In OPEC+ Despite Western Sanctions

Alexander Novak, who was then Russia's energy minister, speaks to the press upon his arrival for the one-day meeting OPEC+ group meeting in the Saudi city of Jeddah on 19 May 2019 (AFP/File photo)  

Middle East Eye: Saudi Arabia set to support Russia’s role in Opec+ despite looming sanctions  

Politics should be kept out of Opec+, says Saudi energy minister, as kingdom plans to continue partnership with Russia in face of western pressure on Moscow  

Saudi Arabia plans to continue its Opec+ partnership with Russia despite western pressure 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 that the "world should appreciate the value" of the alliance of producers, the newspaper reported. 

Read more ....  

WNU Editor: The Russia - Saudi relationship in OPEC+ has been incredibly beneficial for Saudi Arabia .... Saudi oil giant Aramco reports 82% rise in quarterly profits (The Guardian). The Saudis are not going to jeopardize the status quo. 

Saudi Arabia Signals Support For Russia In OPEC+ Despite Western Sanctions  

Saudi Arabia signals support for Russia's role in Opec+ as sanctions pressure mounts -- Energy Bulletin/Financial Times  

Saudi Arabia Continues to Support Russia's Place in OPEC+: FT -- Bloomberg  

Riyadh hopes to ‘work out an agreement with OPEC+ which includes Russia,’ says energy minister -- Arab News  

Saudi working with Russia, while Russia increases oil exports to China -- Seeking Alpha  

Saudi Arabia Signals Backing For Russia In OPEC+ -- Zero Hedge



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