Balanced, stable oil market is a prerequisite: Opec-Russia

Balanced, stable oil market is a prerequisite: Opec-Russia

A balanced and stable oil market is a prerequisite for post-pandemic recovery, adequate investments and future prosperity for consumers and producers alike. 

 

This was affirmed at the Seventh High-level Meeting of the Opec-Russia Energy Dialogue, hosted by Opec, which took place via videoconference on November 3, 2020, said a WAM report.

 

The meeting was co-chaired by Mohammad Sanusi Barkindo, Secretary General of Opec, and Alexander Novak, Minister of Energy of the Russian Federation.

 

The Opec-Russia Energy Dialogue continues to play a key role in reinforcing and enhancing the relationship between the two Parties, which was underscored in the discussions at the meeting.

 

The Opec Secretary General highlighted that the partnership with the Russian Federation "has evolved into a permanent, transformative force-for-good in the energy market; one that has had a profoundly positive effect on