Discussions between the US and Russian energy ministers on the decline in global oil prices

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Russian Energy Minister Alexander Novak attends a government meeting in the capital, Moscow, on January 21, 2020.
(A picture of Reuters from the Russian agency Sputnik for photos and distributed as received by Reuters as a service to its customers. This image is for editorial purposes only. It is not for sale and is not allowed to be used in marketing or advertising campaigns.)

WASHINGTON (Reuters) – US Energy Secretary Dan Bruilett on Tuesday held phone conversations with his Russian counterpart Alexander Novak about the sharp drop in oil prices.

The US Department of Energy said the call came a day after President Donald Trump and Russian President Vladimir Putin agreed in a phone call that the two ministers discuss the downturn in global oil markets.

Oil prices have fallen sharply due to travel restrictions to curb the spread of the Corona virus and as a result of the conflict between Russia and Saudi Arabia over their respective share in the oil market.

US Department of Energy spokeswoman Shailene Haynes said the two ministers held “constructive talks about the current turmoil in global oil markets”.

Prepared by Hassan Ammar for the Arabic Bulletin – Edited by Ashraf Radi





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