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Ahead of OPEC+ meet, Kremlin says ties with Saudi Arabia are constructive, trusting

June 1, 2023 at 3:05 pm

Kremlin spokesman Dmitry Peskov is seen as a moderator of Russian President Vladimir Putin’s annual press conference in Moscow, Russia on December 17, 2020 [Sefa Karacan – Anadolu Agency]

The Kremlin said, on Thursday, that relations with Saudi Arabia were constructive and based on mutual understanding and respect, ahead of an OPEC+ meeting, Reuters reports.

Asked about relations with Saudi Arabia ahead of the meeting, Kremlin spokesman, Dmitry Peskov, said they were “constructive, based on mutual understanding, mutual respect, mutual trust and very work-like”.

OPEC+, which groups the Organisation of the Petroleum Exporting Countries with Russia and other allies, surprised the market on 2 April with further output cuts that pushed up the price of oil.

Russia is the world’s second largest oil exporter, after Saudi Arabia.

READ: Why is OPEC+ cutting oil output?