9 hours agoOil crisis: Russia signals co-operation with US, Saudi Arabia for market stabilisation
Periskopi(a year ago)
(a year ago)Russia, the United States and Saudi Arabia can take joint action to stabilise oil markets if need arises, Russia's investment representative, Kiril Dmitriev, has announced. It is known that after the Israeli attack on Iran, oil prices rose significantly as markets face the fear of a more conflict [...]
It is known that following the Israeli attack on Iran, oil prices rose significantly, while markets are facing fears of a broader conflict in the Middle East that could affect global oil supplies.
In this regard, Dmitriev, head of Russia's sovereign investment fund, has spoken to Reuters, stressing that such co-operation would not be impossible, the Express broadcasts.
“There has been a case when President Putin, President Trump and Crown Prince Mohammed bin Salman played a key role in stabilising markets,” has been expressed under the International Economic Forum in St Petersburg.
We remember that in 2020, when oil prices moved drastically due to COVID-19's pandemic, President Trump brokered an agreement with leading oil producers Russia and Saudi Arabia to calm the markets.
“Wars in the Middle East are creating conditions for rising oil prices. The dynamics of these developments will determine how dramatic this growth will be. It's still early to talk about concrete joint actions, but based on previous experience, such an action is possible,” has added to Dmitryev.
Among other things, Dmitriev has said that, <x0-dynamic price growth significantly reduces the possibility of imposing further restrictions on the Russian energy sector,”, referring to European Union discussions on additional sanctions against Moscow./Periscopi/
