Saudi energy minister rejects Russian comments about kingdom's withdrawal from OPEC+ deal

 Saudi energy minister rejects Russian comments about kingdoms withdrawal from OPEC+ deal

CAIRO (Reuters) - The Saudi energy minister on Saturday rejected Russia's remarks that the kingdom withdrew last month from a deal to cut output.

Prince Abdulaziz bin Salman was responding to comments made by his Russian counterpart on Friday, according to a statement carried by Saudi state news agency SPA.

"The Russian Minister of Energy was the first to declare to the media that all the participating countries are absolved of their commitments starting from the first of April, leading to the decision that the countries have taken to raise their production to offset the lower prices and compensate for their loss of returns," Prince Abdulaziz said in a statement.

(Reporting by Rania El Gamal; Editing by Sandra Maler)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: Apr 04, 2020 07:05:15 IST



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