Russia’s Novak: Russia, Saudi deal shows commitment to oil market stability, focus on OPEC meeting

Dhwani Mehta FXStreet

Following the comments from the Russian President Putin, the country’s Energy Minister Alexander Novak said that Russia’s deal with Saudi Arabia on crude production cuts shows their commitment to stabilizing the oil market.

The focus now remains on the key OPEC+ meeting in Vienna on July 1^st and 2^nd.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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