January 30, 2025
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Economy

Saudi Arabia and other OPEC+ ministers met after Trump’s call to reduce the price of oil

Saudi Arabia’s energy minister and several OPEC+ colleagues have negotiated after the call of Donald Trump to reduce oil prices and on the eve of OPEC oil producing countries next week.”, – WRITE: epravda.com.ua

Saudi Arabia’s energy minister and several OPEC+ colleagues have negotiated after the call of Donald Trump to reduce oil prices and on the eve of OPEC oil producing countries next week. Reuters writes about it. Saudi Arabia’s Energy Minister Prince Abdalaziz Bin Salman held negotiations with Iraqi Prime Minister Hayan Abdel-Gani and Libyan Prime Minister Caliph Abdulsadecom in Riyadh. Saudi Minister and his Libyan colleague discussed “strengthening joint efforts to maintain the stability of world energy markets” to serve their mutual interests. He also discussed cooperation to achieve mutual interests with his Iraqi colleague. Advertising: Saudi Minister also met in Erri Riyadh with the UAE Minister of Energy Sukhail al-Masrui for informal negotiations. Oil prices have increased this year. On January 15, Brent oil reached almost $ 83 per barrel – the highest level since August, which was caused by anxiety about the impact of US sanctions against Russia on oil. Since then, prices have declined, and on Tuesday they have traded below $ 78. Recall: Advertising: US President Donald Trump, in his address to world businessmen and political leaders, January 24, demanded that OPEC reduce oil prices and reduce interest rates, and warned them that they would face tariffs if they produce their products anywhere In addition to the US.

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