Saudi Arabia denies contact with Russia over OPEC+ deal

Saudi Arabia’s King Salman urged G20 leaders on Thursday to take firm measures and “effective and coordinated” action to combat the ongoing coronavirus pandemic. (G20 Saudi Arabia)

DUBAI (RAHNUMA) Saudi Arabia has denied it has had any contact with Russia’s Energy Ministry over the possibility of a new OPEC+ deal to rebalance global oil markets.

A statement from the Saudi Energy Ministry dismissed reports from Moscow that there had been discussions between Russia and the Kingdom aimed at resurrecting the OPEC+ alliance, and even bringing in new members.

“There have been no contacts between Saudi Arabia and Russian energy ministers over any increase in the number of OPEC+ countries, nor any discussion of a joint agreement to balance oil markets,” a ministry official said in a statement.

The denial followed quoted comments in the Russian and international media by Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), to the effect that a new arrange- ment was desirable in light of turmoil in global energy markets

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