Saudi Energy Minister Prince Abdulaziz bin Salman and Russian Deputy Prime Minister Alexander Novak attend a session of the St. Petersburg International Economic Forum, in St. Petersburg, Russia, on June 3, 2021.Saudi Arabia and Russia, the world’s top two oil exporters, on Wednesday discussed the situation on the oil market and prices amid the escalating conflict between Israel and Hamas, President Vladimir Putin’s top oil official said.
Novak said he and Prince Abdulaziz discussed the oil market and co-operation within the OPEC+ group of oil producers. It was not immediately clear what, if any, concrete conclusions were reached. Novak said earlier that the oil price would be discussed.Kremlin spokesman Dmitry Peskov said it was difficult to overestimate Russia’s co-ordination with Saudi Arabia and other partners on global oil markets amid the escalating conflict in the Middle East.
He also said that Russia was ready for co-operation with Saudi Arabia in nuclear energy, geological exploration and food supplies.