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Russia, Saudi Arabia discuss more balancing of oil markets - Russia's Novak

Published 06/06/2019, 20:45
Updated 06/06/2019, 20:50
© Reuters. Russian Energy Minister Novak attends Russian Energy Week forum in Moscow

ST PETERSBURG (Reuters) - Russian Energy Minister Alexander Novak said on Thursday that he and Saudi Energy Minister Khalid al Falih discussed how the countries could further balance oil markets.

© Reuters. Russian Energy Minister Novak attends Russian Energy Week forum in Moscow

“We have discussed (the) situation on the market and agreed that we will cooperate further with the aim of balancing the market," he said.The two also talked about moving the next scheduled meeting of the Organization of the Petroleum Exporting Countries (OPEC) to July 4 from its currently scheduled date on June 25, Novak said. Russia is not a member of OPEC, but has been part of two production-cutting pacts in the last three years.

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