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Saudi Energy Minister Prince Abdulaziz bin Salman met his Russian counterpart on a visit to Russia on Thursday and called for stabilization in the energy sector. “The situation we’re going through now does make a point here, which is the world needs every molecule of energy, and every form of stabilization to this energy, because without energy security, you will lose sustainability,” Prince Abdulaziz, who is in Russia for the St Petersburg International Economic Forum, said. “There are so many moving parts, there are so many unknowns, there are things that you think have become a reality, but then you wake up the next morning, and the reality is no longer a reality.” For all the latest headlines, follow our Google News channel online or via the app.
His Russian counterpart, Deputy Prime Minister Alexander Novak, said the oil demand outlook was uncertain but OPEC+ was able to offset global changes in the energy sector. "We came to the conclusion that no one really knows what to expect regarding demand at the moment. In other words, uncertainty has increased," Novak said after meeting Prince Abdulaziz.OPEC+ groups 21 nations comprising the Organization of the Petroleum Exporting Countries, plus Russia and other allies.
