WORLD Saudi Arabia, Russia stress mutual commitment to reduce oil production

WORLD

Saudi Arabia, Russia stress mutual commitment to reduce oil production

Xinhua

08:45, April 17, 2020

b196948279c64cefb9689b6474ce0358.jpg

File photo: CGTN

RIYADH, April 16 (Xinhua) -- Saudi Arabia and Russia stressed Thursday mutual commitment to reduce oil production, the Saudi Press Agency reported.

The commitment was highlighted during a phone call between the Saudi Energy Minister Abdulaziz bin Salman Al Saud and his Russian counterpart Alexander Novak.

The two sides released a joint statement highlighting that their countries have worked diligently with other OPEC+ countries and other producers to achieve a historic agreement to stabilize the oil market.

"Both our nations are strongly committed to implementing the agreed target cuts over the next two years," the statement said.

They noted that the two states would monitor the oil market and are prepared to take further measures jointly with OPEC+ and other producers if necessary. 

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue