Saudi-Russian oil alliance will last for ‘decades and generations’ - al Falih

Saudi-Russian oil alliance will last for ‘decades and generations’ - al Falih:

"Saudi Arabia’s oil alliance with Russia will last for “decades and generations”, the kingdom’s energy minister said, adding that while the crude market was close to rebalancing, more work was needed. Some of the world’s biggest oil producers - including Opec kingpin Saudi Arabia and allies outside of the cartel such as Russia - joined forces in 2017 to curb supplies to reduce excess stockpiles and bolster prices. Khalid al Falih stressed the need to maintain longterm cooperation with Russia, telling television network CNBC, it was essential to “preserve our longterm interests.”"



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