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Reuters
Reuters
Business

Ahead of OPEC+ meet, Kremlin says ties with Saudi Arabia are constructive, trusting

FILE PHOTO: Kremlin spokesman Dmitry Peskov prepares for an interview with Russian TV channel "Izvestia" on the sidelines of the Eastern Economic Forum in Vladivostok, Russia, September 2, 2021. Alexander Zemlianichenko/Pool via REUTERS

The Kremlin said on Thursday that relations with Saudi Arabia were constructive and based on mutual understanding and respect ahead of an OPEC+ meeting.

Asked about relations with Saudi Arabia ahead of the meeting, Kremlin spokesman Dmitry Peskov said they were "constructive, based on mutual understanding, mutual respect, mutual trust, and very work-like".

OPEC+, which groups the Organization of the Petroleum Exporting Countries with Russia and other allies, surprised the market on April 2 with further output cuts that pushed up the price of oil.

Russia is the world's second largest oil exporter after Saudi Arabia.

(Reporting by Vladimir Soldatkin; editing by Guy Faulconbridge and Gareth Jones)

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