“The current situation on the world oil market was considered in detail. The importance of further coordination within the framework of OPEC+ was emphasized,” the Kremlin said in a readout of the call.
“It was noted with satisfaction that the countries participating in this format are consistently fulfilling their obligations in order to maintain the necessary balance and stability in the global energy market.” Biden ended his Middle East trip last week without any announcement that the kingdom would raise oil production to bring down fuel prices, which areSaudi Foreign Minister Prince Faisal bin Farhan Al Saud said oil was not discussed at a US-Arab summit on Saturday, July 16, and OPEC+ would continue to assess market conditions and do what is necessary. The producer group is due to meet again on August 3.