{"id":5341,"date":"2020-05-16T13:30:36","date_gmt":"2020-05-16T09:00:36","guid":{"rendered":"https:\/\/ariananews.co\/en\/?p=5341"},"modified":"2020-05-16T13:30:36","modified_gmt":"2020-05-16T09:00:36","slug":"russia-and-saudi-arabia-agreed-on-oil-market-stability","status":"publish","type":"post","link":"https:\/\/ariananews.co\/en\/asia\/russia-and-saudi-arabia-agreed-on-oil-market-stability\/","title":{"rendered":"Russia and Saudi Arabia Agreed on Oil Market Stability"},"content":{"rendered":"

Saudi Arabia and Russia are firmly committed to achieving oil market stability and expediting a rebalancing of the market, the energy ministers of the two countries said in a joint statement on Wednesday.<\/h2>\n

Ariana News Agency-\u00a0<\/strong><\/em><\/p>\n

Saudi energy minister Prince Abdulaziz bin Salman and Russian counterpart Alexander Novak held a phone conversation as part of their consultations on oil market developments, the statement said.<\/p>\n

\u201cWe are also pleased with the recent signs of improvements in economic and market indicators, especially the growth in oil demand and the ease in concerns about storage limits as various countries around the globe begin to emerge from their stringent lockdowns,\u201d the ministers said.<\/p>\n

They said they were \u201cconfident that our partners within OPEC+… will comply with the OPEC+ agreement.\u201d<\/p>\n

OPEC and its allies, a group known as OPEC+, agreed last month to reduce output by 9.7 million bpd for May and June, a record production cut.<\/p>\n

Saudi Arabia on Monday said it would voluntarily deepen oil output cuts from June by 1 million barrels per day, saying the new reductions were designed to expedite draining a global supply glut and rebalancing the oil market.<\/p>\n

Kuwait and the United Arab Emirates both joined Saudi Arabia and also pledged to cut more than their commitments under the OPEC+ supply pact by a total of 180,000 bpd.<\/p>\n

The joint statement said Novak welcomed the additional voluntary substantial production cuts made by Saudi Arabia and the steps that United Arab Emirates and Kuwait took to support Saudi efforts. The statement said such action was needed to help to expedite the rebalancing of the oil market.<\/p>\n","protected":false},"excerpt":{"rendered":"

Saudi Arabia and Russia are firmly committed to achieving oil market stability and expediting a rebalancing of the market, the energy ministers of the two countries said in a joint statement on Wednesday.<\/p>\n","protected":false},"author":2,"featured_media":5342,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_mat_hreflang_tags":[],"addvideo":"","video_duration":"","farsit":"","target":"0","top_stories":"0","top":"0"},"categories":[305],"tags":[742,71,83],"class_list":["post-5341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia","tag-oil-market","tag-russia","tag-saudi-arabia"],"acf":{"myctype":"change","target":false,"top_stories":false,"top":false,"farsit":""},"yoast_head":"\nRussia and Saudi Arabia Agreed on Oil Market Stability<\/title>\n<meta name=\"description\" content=\"Saudi Arabia and Russia are firmly committed to achieving oil market stability and expediting a rebalancing of the market, the energy ministers of the two\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ariananews.co\/en\/asia\/russia-and-saudi-arabia-agreed-on-oil-market-stability\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Russia and Saudi Arabia Agreed on Oil Market Stability\" \/>\n<meta property=\"og:description\" content=\"Saudi Arabia and Russia are firmly committed to achieving oil market stability and expediting a rebalancing of the market, the energy ministers of the two\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ariananews.co\/en\/asia\/russia-and-saudi-arabia-agreed-on-oil-market-stability\/\" \/>\n<meta property=\"og:site_name\" content=\"Ariana News Agency\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-16T09:00:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ariananews.co\/en\/wp-content\/uploads\/2020\/05\/Capture-3.png\" \/>\n\t<meta property=\"og:image:width\" content=\"780\" \/>\n\t<meta property=\"og:image:height\" content=\"556\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/ariananews.co\\\/en\\\/asia\\\/russia-and-saudi-arabia-agreed-on-oil-market-stability\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ariananews.co\\\/en\\\/asia\\\/russia-and-saudi-arabia-agreed-on-oil-market-stability\\\/\"},\"author\":{\"name\":\"Admin\",\"@id\":\"https:\\\/\\\/ariananews.co\\\/en\\\/#\\\/schema\\\/person\\\/2a55fc1759fcc9a9cf7b75da257d8734\"},\"headline\":\"Russia and Saudi Arabia Agreed on Oil Market Stability\",\"datePublished\":\"2020-05-16T09:00:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ariananews.co\\\/en\\\/asia\\\/russia-and-saudi-arabia-agreed-on-oil-market-stability\\\/\"},\"wordCount\":273,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/ariananews.co\\\/en\\\/asia\\\/russia-and-saudi-arabia-agreed-on-oil-market-stability\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/media.ariananews.co\\\/en\\\/2020\\\/05\\\/Capture-3.png\",\"keywords\":[\"oil market\",\"Russia\",\"Saudi Arabia\"],\"articleSection\":[\"Asia\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ariananews.co\\\/en\\\/asia\\\/russia-and-saudi-arabia-agreed-on-oil-market-stability\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ariananews.co\\\/en\\\/asia\\\/russia-and-saudi-arabia-agreed-on-oil-market-stability\\\/\",\"url\":\"https:\\\/\\\/ariananews.co\\\/en\\\/asia\\\/russia-and-saudi-arabia-agreed-on-oil-market-stability\\\/\",\"name\":\"Russia and Saudi Arabia Agreed on Oil Market Stability\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ariananews.co\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/ariananews.co\\\/en\\\/asia\\\/russia-and-saudi-arabia-agreed-on-oil-market-stability\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/ariananews.co\\\/en\\\/asia\\\/russia-and-saudi-arabia-agreed-on-oil-market-stability\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/media.ariananews.co\\\/en\\\/2020\\\/05\\\/Capture-3.png\",\"datePublished\":\"2020-05-16T09:00:36+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/ariananews.co\\\/en\\\/#\\\/schema\\\/person\\\/2a55fc1759fcc9a9cf7b75da257d8734\"},\"description\":\"Saudi Arabia and Russia are firmly committed to achieving oil market stability and expediting a rebalancing of the market, the energy ministers of the two\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/ariananews.co\\\/en\\\/asia\\\/russia-and-saudi-arabia-agreed-on-oil-market-stability\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/ariananews.co\\\/en\\\/asia\\\/russia-and-saudi-arabia-agreed-on-oil-market-stability\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ariananews.co\\\/en\\\/asia\\\/russia-and-saudi-arabia-agreed-on-oil-market-stability\\\/#primaryimage\",\"url\":\"https:\\\/\\\/media.ariananews.co\\\/en\\\/2020\\\/05\\\/Capture-3.png\",\"contentUrl\":\"https:\\\/\\\/media.ariananews.co\\\/en\\\/2020\\\/05\\\/Capture-3.png\",\"width\":780,\"height\":556},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/ariananews.co\\\/en\\\/asia\\\/russia-and-saudi-arabia-agreed-on-oil-market-stability\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/ariananews.co\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Russia and Saudi Arabia Agreed on Oil Market Stability\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/ariananews.co\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/ariananews.co\\\/en\\\/\",\"name\":\"Ariana News Agency\",\"description\":\"Afghanistan News - Breaking News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/ariananews.co\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/ariananews.co\\\/en\\\/#\\\/schema\\\/person\\\/2a55fc1759fcc9a9cf7b75da257d8734\",\"name\":\"Admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/621162a72ad45d45b191510a866bb6bc3c1f2361186666783d0f69b77edbaa2b?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/621162a72ad45d45b191510a866bb6bc3c1f2361186666783d0f69b77edbaa2b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/621162a72ad45d45b191510a866bb6bc3c1f2361186666783d0f69b77edbaa2b?s=96&d=mm&r=g\",\"caption\":\"Admin\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Russia and Saudi Arabia Agreed on Oil Market Stability","description":"Saudi Arabia and Russia are firmly committed to achieving oil market stability and expediting a rebalancing of the market, the energy ministers of the two","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ariananews.co\/en\/asia\/russia-and-saudi-arabia-agreed-on-oil-market-stability\/","og_locale":"en_US","og_type":"article","og_title":"Russia and Saudi Arabia Agreed on Oil Market Stability","og_description":"Saudi Arabia and Russia are firmly committed to achieving oil market stability and expediting a rebalancing of the market, the energy ministers of the two","og_url":"https:\/\/ariananews.co\/en\/asia\/russia-and-saudi-arabia-agreed-on-oil-market-stability\/","og_site_name":"Ariana News Agency","article_published_time":"2020-05-16T09:00:36+00:00","og_image":[{"width":780,"height":556,"url":"https:\/\/ariananews.co\/en\/wp-content\/uploads\/2020\/05\/Capture-3.png","type":"image\/png"}],"author":"Admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ariananews.co\/en\/asia\/russia-and-saudi-arabia-agreed-on-oil-market-stability\/#article","isPartOf":{"@id":"https:\/\/ariananews.co\/en\/asia\/russia-and-saudi-arabia-agreed-on-oil-market-stability\/"},"author":{"name":"Admin","@id":"https:\/\/ariananews.co\/en\/#\/schema\/person\/2a55fc1759fcc9a9cf7b75da257d8734"},"headline":"Russia and Saudi Arabia Agreed on Oil Market Stability","datePublished":"2020-05-16T09:00:36+00:00","mainEntityOfPage":{"@id":"https:\/\/ariananews.co\/en\/asia\/russia-and-saudi-arabia-agreed-on-oil-market-stability\/"},"wordCount":273,"commentCount":0,"image":{"@id":"https:\/\/ariananews.co\/en\/asia\/russia-and-saudi-arabia-agreed-on-oil-market-stability\/#primaryimage"},"thumbnailUrl":"https:\/\/media.ariananews.co\/en\/2020\/05\/Capture-3.png","keywords":["oil market","Russia","Saudi Arabia"],"articleSection":["Asia"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ariananews.co\/en\/asia\/russia-and-saudi-arabia-agreed-on-oil-market-stability\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ariananews.co\/en\/asia\/russia-and-saudi-arabia-agreed-on-oil-market-stability\/","url":"https:\/\/ariananews.co\/en\/asia\/russia-and-saudi-arabia-agreed-on-oil-market-stability\/","name":"Russia and Saudi Arabia Agreed on Oil Market Stability","isPartOf":{"@id":"https:\/\/ariananews.co\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ariananews.co\/en\/asia\/russia-and-saudi-arabia-agreed-on-oil-market-stability\/#primaryimage"},"image":{"@id":"https:\/\/ariananews.co\/en\/asia\/russia-and-saudi-arabia-agreed-on-oil-market-stability\/#primaryimage"},"thumbnailUrl":"https:\/\/media.ariananews.co\/en\/2020\/05\/Capture-3.png","datePublished":"2020-05-16T09:00:36+00:00","author":{"@id":"https:\/\/ariananews.co\/en\/#\/schema\/person\/2a55fc1759fcc9a9cf7b75da257d8734"},"description":"Saudi Arabia and Russia are firmly committed to achieving oil market stability and expediting a rebalancing of the market, the energy ministers of the two","breadcrumb":{"@id":"https:\/\/ariananews.co\/en\/asia\/russia-and-saudi-arabia-agreed-on-oil-market-stability\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ariananews.co\/en\/asia\/russia-and-saudi-arabia-agreed-on-oil-market-stability\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ariananews.co\/en\/asia\/russia-and-saudi-arabia-agreed-on-oil-market-stability\/#primaryimage","url":"https:\/\/media.ariananews.co\/en\/2020\/05\/Capture-3.png","contentUrl":"https:\/\/media.ariananews.co\/en\/2020\/05\/Capture-3.png","width":780,"height":556},{"@type":"BreadcrumbList","@id":"https:\/\/ariananews.co\/en\/asia\/russia-and-saudi-arabia-agreed-on-oil-market-stability\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ariananews.co\/en\/"},{"@type":"ListItem","position":2,"name":"Russia and Saudi Arabia Agreed on Oil Market Stability"}]},{"@type":"WebSite","@id":"https:\/\/ariananews.co\/en\/#website","url":"https:\/\/ariananews.co\/en\/","name":"Ariana News Agency","description":"Afghanistan News - Breaking News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ariananews.co\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/ariananews.co\/en\/#\/schema\/person\/2a55fc1759fcc9a9cf7b75da257d8734","name":"Admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/621162a72ad45d45b191510a866bb6bc3c1f2361186666783d0f69b77edbaa2b?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/621162a72ad45d45b191510a866bb6bc3c1f2361186666783d0f69b77edbaa2b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/621162a72ad45d45b191510a866bb6bc3c1f2361186666783d0f69b77edbaa2b?s=96&d=mm&r=g","caption":"Admin"}}]}},"_links":{"self":[{"href":"https:\/\/ariananews.co\/en\/sar0odfo-0d5s8fw-api0\/wp\/v2\/posts\/5341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ariananews.co\/en\/sar0odfo-0d5s8fw-api0\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ariananews.co\/en\/sar0odfo-0d5s8fw-api0\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ariananews.co\/en\/sar0odfo-0d5s8fw-api0\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ariananews.co\/en\/sar0odfo-0d5s8fw-api0\/wp\/v2\/comments?post=5341"}],"version-history":[{"count":1,"href":"https:\/\/ariananews.co\/en\/sar0odfo-0d5s8fw-api0\/wp\/v2\/posts\/5341\/revisions"}],"predecessor-version":[{"id":5343,"href":"https:\/\/ariananews.co\/en\/sar0odfo-0d5s8fw-api0\/wp\/v2\/posts\/5341\/revisions\/5343"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ariananews.co\/en\/sar0odfo-0d5s8fw-api0\/wp\/v2\/media\/5342"}],"wp:attachment":[{"href":"https:\/\/ariananews.co\/en\/sar0odfo-0d5s8fw-api0\/wp\/v2\/media?parent=5341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ariananews.co\/en\/sar0odfo-0d5s8fw-api0\/wp\/v2\/categories?post=5341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ariananews.co\/en\/sar0odfo-0d5s8fw-api0\/wp\/v2\/tags?post=5341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}