Israel conflict could affect oil markets, Russian official says
The current war between Israel and Palestinian militant group Hamas could affect oil markets, according to Russian Deputy Prime Minister Alexander Novak.
Novak represents Moscow in discussions and policy-setting carried out by the Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+.
On Wednesday, he will meet with Saudi Energy Minister and de facto OPEC leader Abdulaziz bin Salman to consult on the crude market, Reuters reported.
Novak represents Moscow in discussions and policy-setting carried out by the Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+.
On Wednesday, he will meet with Saudi Energy Minister and de facto OPEC leader Abdulaziz bin Salman to consult on the crude market, Reuters reported.
Russia and Saudi Arabia are the largest OPEC+ producers and typically set the tone of the alliance's output strategy and of voluntary production moves carried out by some members. $Occidental Petroleum(OXY.US$ $Dow Jones Industrial Average(.DJI.US$ $S&P 500 Index(.SPX.US$ $Chevron(CVX.US$ $Exxon Mobil(XOM.US$
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