“Russia and Saudi Arabia are pleased with the signs of improving economic and market indicators, especially rising oil demand and the weakening concern about the limited availability of oil storage facilities, while various countries around the world are starting to leave the regime of severe restrictions,” the Russian statement said. Ministry of Energy.
Novak welcomed additional voluntary substantial production cuts made by Saudi Arabia.
The report also emphasizes that Russia and Saudi Arabia "are firmly committed to achieving market stability and accelerating the restoration of balance in the oil market."
On the eve of Novak, he discussed over the phone with the US Secretary of Energy Dan Bruyett the situation in the oil market.