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Putin and Saudi Crown Prince Affirm OPEC+ cooperation amidst falling oil prices

WorldRussiaPutin and Saudi Crown Prince Affirm OPEC+ cooperation amidst falling oil prices

Riyadh, Saudi Arabia: Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman rekindled discussions on bolstering cooperation within the OPEC+ framework.

The meeting took place as a response to the recent downturn in oil prices, despite the OPEC+ alliance’s commitment to curbing oil exports, a collaborative effort encompassing members of the Organization of the Petroleum Exporting Countries (OPEC) and key partners, including Russia.

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The Kremlin’s spokesperson, Dmitry Peskov, revealed that both leaders expressed a unanimous commitment to sustaining their collaborative efforts.

Following their deliberations, Putin and Mohammed bin Salman emphasized the crucial role their nations play in shouldering the responsibility of maintaining stability and predictability in the international energy market.

“We spoke again about the cooperation in OPEC+. We agree that our countries bear a great responsibility for the interaction aimed at keeping the international energy market at the required level and in a stable and predictable state,” remarked Peskov.

Despite challenges posed by fluctuating oil prices, the leaders underscored their determination to uphold OPEC+ agreements and navigate through the complexities of the global energy landscape.

The meeting came against the backdrop of ongoing efforts by the alliance to stabilize oil markets amidst geopolitical uncertainties and economic fluctuations.

Saudi Crown Prince Mohammed bin Salman expressed his appreciation for the coordinated efforts between Russia and Saudi Arabia, citing their contribution to “eliminating tensions in the Middle East.”

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According to the Saudi news agency, he stated, “We have many common interests and on many issues work together for the benefit of Russia, Saudi Arabia, the Middle East, and the whole world.”

The positive atmosphere during the meeting extended beyond discussions of energy cooperation, with both leaders acknowledging the broader scope of their collaborative efforts in addressing regional and global challenges.

While the specifics of their discussions remain confidential, Dmitry Peskov informed journalists that the Saudi Crown Prince is set to reciprocate the visit, with plans for an official visit to Russia in the pipeline. However, the exact date for the visit is yet to be finalized.

As the dynamics of the global energy landscape continue to evolve, the reaffirmation of cooperation between Russia and Saudi Arabia within the OPEC+ alliance stands as a testament to their commitment to stability, not only for their respective nations but for the greater global community.

 

This article was created using automation technology and was thoroughly edited and fact-checked by one of our editorial staff members

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