Russian Deputy Prime Minister Alexander Novak said that the United States did not turn to Moscow on the issue of stabilizing the oil market. He stated this in an interview with CNBC, an excerpt from it is published by TV presenter Headley Gamble on her page in Twitter.
Although there have been similar reports in the media, Novak said he does not know if they are true. He stressed that, frankly, no one from the White House has approached Russia with a proposal to discuss the possibility of lowering oil prices. “In fact, we are absolutely unaware of what negotiations are between Saudi Arabia and the United States,” added the Deputy Prime Minister.
Novak also recalled that in early October, the OPEC + alliance met and discussed the current market situation.
In 2021, oil prices rose 50 percent. OPEC + is sticking to its plan to increase production by 400,000 barrels per day, despite pressure from large consumer countries such as the United States and India, which are demanding additional supplies to lower prices. According to the International Energy Agency (IEA), by the end of 2021, the market will experience a shortage of oil supplies of about 700 thousand barrels per day.