“Saudi Arabia and Russia are strongly committed to implement the agreed target cuts over the next two years,” a joint statement between the two countries energy ministers said on Thursday.
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The two ministers agreed that they would continue to closely monitor the oil market. “We are prepared to take further measures jointly with OPEC+ and other producers if these are deemed necessary.”
“Our two countries have worked diligently with the other OPEC+ countries and other producers to achieve a historic agreement to stabilize the oil market,” a joint statement said.
“We are also confident that our partners in OPEC+ and other producers will live up to their commitments,” the statement added.
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