Published by Global Banking & Finance Review®
Posted on June 18, 2025
1 min readLast updated: January 23, 2026
Russia's Novak and OPEC's Al Ghais discuss global oil market amid Middle East tensions, emphasizing OPEC+ cooperation.
MOSCOW (Reuters) -Russian Deputy Prime Minister Alexander Novak has discussed the situation on the global oil market with OPEC Secretary General Haitham Al Ghais, the Russian government said in a statement on Wednesday.
"The parties discussed the situation on the global oil market, in particular in connection with the escalation of the conflict in the Middle East, and cooperation between Russia and OPEC both bilaterally and within the framework of the OPEC+ agreement," the government said.
Russia highly appreciates the effectiveness of cooperation within OPEC+, Novak said.
(Reporting by Reuters; Editing by Chris Reese)
Russian Deputy Prime Minister Alexander Novak discussed the global oil market situation with OPEC Secretary General Haitham Al Ghais.
They discussed the global oil market situation, particularly in connection with the escalation of the conflict in the Middle East.
Russia highly appreciates the effectiveness of cooperation within OPEC+, as stated by Novak.
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