Saudi Arabia will continue to work with Russia to maintain stable oil prices. This was confirmed by Prince Faisal bin Farhan Al-Saud who is the Foreign Minister of Saudi. Saudi is saying in their statements that Russia has an important place to stabilize the condition of the oil market in the world, and in the OPEC too. So, we looking forward to maintaining this relationship with this country Russia. The diplomat of Saudi Arabia said that because of Russia’s presence in the market of crude oil, they all have experienced relative stability and significant price changes in the world in typical situations. In the past years, the prices of Liquefied natural gas shrank down as Europe cut away from Russia and looked for other suppliers in the market which is already facing hard. Asian LNG spot prices are down about 67% from record highs this summer, but it is still more than double from 2021 levels. Brent crude prices shot above around $130 a barrel last year after t...
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