Saudi energy minister Prince Abdulaziz bin Salman on Tuesday said he has confidence in OPEC+ and Russia, which is leading the non-OPEC members in the OPEC+ alliance, as Moscow is positively engaged in discussions despite differences between the two oil producers over further output cuts. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “We still communicate with Russia,” Abdulaziz told reporters in Riyadh. Russian Energy Minister Alexander Novak “is positively engaged in talks”, he added. On February 7, an advisory committee of delegates co-chaired by Saudi Arabia and Russia recommended an additional cut of 600,000 b/d for the second-quarter, but Novak is not fully convinced of the need for such measures, citing the uncertainties of demand forecasts. The 23-country OPEC+ coalition is set to meet March 5-6 in Vienna to decide on the future of their current 1.7 million b/d production cut accord, […]