Saudi Arabia and Russia reaffirm their commitment to cut oil output as agreed in OPEC+ deal

Saudi Arabia and Russia reaffirm their commitment to cut oil output as agreed in OPEC+ deal
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Updated 16 April 2020

Saudi Arabia and Russia reaffirm their commitment to cut oil output as agreed in OPEC+ deal

Saudi Arabia and Russia reaffirm their commitment to cut oil output as agreed in OPEC+ deal

RIYADH: Saudi Arabia's energy minister Prince Abdulaziz bin Salman and his Russian opposite number Alexander Novak issued a joint statement on Thursday and said they were ready to take measures with other OPEC+ members on the oil market if necessary.

They also said both Russia and Saudi Arabia were committed to the global oil cuts deal.

OPEC and other large oil producers, a group widely know as OPEC+, have agreed to reduce their combined oil production by 9.7 million barrels per day in May and June.