Tuesday 9 March 2021 ,
Tuesday 9 March 2021 ,
Latest News
14 October, 2019 00:00 00 AM
Print

Russia will work with Saudi to stabilise oil market: Putin

AFP, Moscow

Russia will work with Saudi Arabia against any "attempt to destabilise" the oil market, President Vladimir Putin said in an interview broadcast yesterday, on the eve of a visit to Riyadh.

Tensions in the region are high following attacks on oil installations in Saudi Arabia, which sent prices surging, and the seizure of tankers in the Gulf.

"If anyone believes that acts such as the seizing of tankers or strikes against oil infrastructure could in any way affect the cooperation between Russia and our Arab friends... they are very wrong," Putin said.

"We will absolutely work with Saudi Arabia and our other partners and friends in the Arab world... to reduce to zero any attempt to destabilise the oil market," he said in the interview with Arabic-language news channels.

In recent years, non-member Russia has cooperated closely with the Organization of the Petroleum Exporting Countries (OPEC), which is led by Saudi Arabia.

The group has sought to limit supply, leading to a rebound in prices after the collapse of 2014-2015, which badly hit the Russian economy.

"Our goal is to stabilise the situation in the global hydrocarbon market," Putin said.

Last month, Saudi Arabia, the US and a number of European nations accused Iran of being behind the

drone attacks on Saudi infrastructure

 

Comments


Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting