Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent: One was killed, another injured in a raid by an Israeli drone on the city of Khiam in South Lebanon
London views possibility of setting fire to tanker in port of friendly country to Russia to damage port infrastructure, initiate an international probe: Moscow
One of London's scenarios involves setting up accident with 'undesirable' tanker in one of the bottlenecks of maritime communications: Russian foreign intelligence agency
London plans to organize major sabotage with tankers to declare transportation of Russian oil to international shipping: Russian foreign intelligence agency
UK intelligence agencies plan to use NATO allies to launch massive raid on 'Shadow Fleet': Russian foreign intelligence agency
Palestinian Ministry of Health: Two were martyred in Israeli shelling that targeted a besieged house in the town of Qabatiya in Jenin
At least 68 dead in migrant shipwreck off Yemen: IOM
Trump: We want to feed the people in Gaza, we do not want them to starve.
US President Donald Trump: We will impose sanctions on Russia if it does not end the war on Ukraine.
Israeli media: Polls show that 52% oppose Prime Minister Benjamin Netanyahu while only 29% support him.

Moscow: Russian, Saudi foreign ministers praise OPEC+

  • By Al Mayadeen English
  • Source: Agencies
  • 1 Jun 2022 10:30
2 Min Read

Russia and Saudi Arabia praise their oil-market cooperation in the OPEC+ alliance during a visit by the Russian foreign minister to Riyadh.

  • x
  • Russia's Foreign Minister Sergei Lavrov meets with Saudi Arabia's Foreign Minister Faisal bin Farhan Al Saud in Riyadh. (REUTERS)
    Russia's Foreign Minister Sergei Lavrov meets with Saudi Arabia's Foreign Minister Faisal bin Farhan Al Saud in Riyadh. (REUTERS)

The Russian foreign ministry reported, on Tuesday, that Russian Foreign Minister Sergei Lavrov met with his Saudi counterpart, Prince Faisal bin Farhan Al Saud, in Riyadh, and both hailed the level of cooperation within OPEC+.

The remarks came amid reports in Western media that some members of OPEC+, an alliance of OPEC members and their allies, were considering excluding Russia from the group.

In a statement published on its website, the ministry added that "they noted the stabilizing effect that the tight cooperation between Russia and Saudi Arabia has on world markets for hydrocarbons in this strategically important sector.”

Related News

Direct Russia-US military clash should not be permitted: Lavrov

Syria, Russia launch 'new phase' in ties as al-Shibani meets Lavrov

It is worth mentioning that Lavrov arrived in Saudi Arabia on Tuesday and is expected to meet with other Gulf Cooperation Council (GCC) foreign ministers, according to Saudi media.

OPEC+ is set to abide by an oil production deal agreed last year at its June 2 meeting, raising July output targets by 432,000 barrels per day, six OPEC+, Reuters reported last week citing sources.

Excluding Russia from OPEC+ could pave the way for other producers to pump significantly more crude, as sought by the United States and European nations, WSJ quoted OPEC delegates as saying.

What do you need to know?

Russia is a key member of OPEC+, an organization that was formed in 2016. It assigned production cuts to its members in order to keep oil markets stable and prevent price collapses, most notably as economies were hit hard during the Covid pandemic.

Lavrov's meeting with his Saudi counterpart came just days after the EU agreed to significantly reduce Russian crude imports as part of the latest sanctions imposed in response to the war in Ukraine.

  • Russia
  • Saudi Arabia
  • OPEC+
  • Sergey Lavrov
  • Oil prices
  • Oil
  • war in Ukraine
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

A rescued crew member from the ETERNITY C vessel in a video released by the Yemeni Armed Forces on July 28, 2025 (Yemeni Military Media)

Yemen Navy reveals fate of targeted Eternity C ship crew

  • Politics
  • 28 Jul 2025
An Israeli tank explodes following an ambush by al-Qassam Brigades in Gaza, Occupied Palestine, undated (Al-Qassam Military Media)

Al-Qassam strikes Israeli vehicles in Gaza, inflicts casualties

  • Politics
  • 30 Jul 2025
UAE lodges complaint against Israeli ambassador over 'misbehavior'

UAE lodges complaint against Israeli ambassador over 'misbehavior'

  • Politics
  • 1 Aug 2025
Protesters chant anti-Israeli slogans as they carry a banner that reads:" Freedom for Palestine, Alliance stop the war," during a demonstration in support of Palestinians in Gaza, outside the Israeli embassy, in Athens, Monday, June 9, 2025 (AP)

Athens mayor slams Israeli ambassador over Gaza war, graffiti claim

  • Politics
  • 3 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
A member of the al-Qassam Brigades, the armed wing of Hamas, takes part in a parade as he celebrates a ceasefire agreement between Hamas and the Israeli regime in Deir al-Balah, Gaza Strip, Sunday, January 19, 2025 (AP)
Politics

Al-Qassam: We’ll allow aid to Israeli captives if Gaza siege ends

Freed Lebanese freedom fighter Georges Abdallah during an interview on Al Mayadeen, which aired on Sunday, August 3, 2025 (Al Mayadeen screengrab)
Politics

Exclusive: Resistance key to building state, Georges Abdallah says

United Nations Secretary General Antonio Guterres gives a statement about the situation in Gaza at UN headquarters, Friday, June 27, 2025 (AP)
Politics

UN warns Gaza faces water crisis, looming famine under Israeli siege

Israeli soldiers drive their armored personnel carrier along the Gaza Strip, in southern occupied Palestine, Wednesday, July 30, 2025 (AP)
Politics

Ex-Israeli general says Gaza starvation campaign isolated 'Israel'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS