The Energy Minister of Saudi Arabia, Prince Abdulaziz bin Salman, has called for a stable and predictable global energy sector during an official visit to Russia.
He stressed the importance of cooperation between major oil-producing countries to ensure balanced global oil prices and to prevent volatility in international energy markets.
The visit comes as OPEC+ members continue discussions on production levels and output management amid shifting global demand and ongoing geopolitical uncertainty.
According to reports, the Saudi minister held talks with senior Russian officials on strengthening cooperation in oil production, energy policy coordination, and long-term market stability.
Saudi Arabia and Russia are key members of the OPEC+ alliance, which plays a major role in regulating global crude oil supply and influencing international prices.
Analysts say the comments reflect ongoing efforts by both countries to stabilize energy markets amid fluctuations caused by geopolitical tensions, conflicts, and changes in global demand.
Global oil markets have remained volatile in recent years due to supply disruptions, political conflicts, and shifting energy consumption patterns across major economies.