Russian presidential envoy to the Middle East and Africa Mikhail Bogdanov said that changes in oil production are being discussed within OPEC+, and not between the United States and Arab countries.
Responding to a question about the possibility of revising production volumes after the visit of US President Joe Biden to Saudi Arabia, he said: “There will be a meeting. So far, no requests have been received from our Arab partners. The Americans failed. These market laws are being discussed within the framework of (OPEC+).”
Earlier, US State Department energy security adviser Amos Holstein said that the US believes that the OPEC countries have the opportunity to increase oil production, and that Washington expects them to take new steps in this direction in the coming weeks.
For its part, Riyadh emphasized that decisions on oil policy will be made in accordance with the logic of the market and the framework of the OPEC + alliance after the completion of US President Joe Biden’s visit to the kingdom, the report said. Bloomberg.
Foreign Minister Prince Faisal bin Farhan told reporters: “We are listening to our partners and friends from all over the world, especially consumer countries. But in the end, (OPEC+) follows market conditions and will supply energy as needed.”
Source: Bloomberg + RIA Novosti