Saudi Arabia and Russia reaffirm their commitment to cut oil output as agreed in OPEC+ deal

  • 4/17/2020
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RIYADH: Saudi Arabia"s energy minister Prince Abdulaziz bin Salman and his Russian opposite number Alexander Novak issued a joint statement on Thursday and said they were ready to take measures with other OPEC+ members on the oil market if necessary. They also said both Russia and Saudi Arabia were committed to the global oil cuts deal. OPEC and other large oil producers, a group widely know as OPEC+, have agreed to reduce their combined oil production by 9.7 million barrels per day in May and June.

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