“OPEC does not compete with Russia, it is a major, major and extremely influential player in the global energy market,” RIA Novosti quotes him as saying.
He said that the rise in oil prices was recorded even before the Ukrainian crisis.
Al-Ghais also noted that the presence of Russia in OPEC + is essential for the success of the organization.
Earlier, BitRiver financial analyst Vladislav Antonov, in an interview with FAN, spoke about structural changes in oil supplies.