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Russia: 'Moscow, Riyadh oppose geopolitical distortions of oil market' - Lavrov00:52

Russia: 'Moscow, Riyadh oppose geopolitical distortions of oil market' - Lavrov

Russian Federation, Moscow
November 21, 2014 at 08:17 GMT +00:00 · Published

Both Russia and Saudi Arabia are opposed to attempts at manipulating oil prices based on geopolitical considerations, Russian Foreign Minister Sergei Lavrov said in Moscow Friday.

Speaking at a press briefing following talks with Saudi Arabia’s Foreign Minister Prince Saud al-Faisal Al Saud, Lavrov said oil exporting states had the right to take any measures needed to fix such imbalances. These distortions, he said are created by some market players who manipulate supply and demand on the global oil market for their own political or geopolitical benefit.

Russia: 'Moscow, Riyadh oppose geopolitical distortions of oil market' - Lavrov00:52
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Both Russia and Saudi Arabia are opposed to attempts at manipulating oil prices based on geopolitical considerations, Russian Foreign Minister Sergei Lavrov said in Moscow Friday.

Speaking at a press briefing following talks with Saudi Arabia’s Foreign Minister Prince Saud al-Faisal Al Saud, Lavrov said oil exporting states had the right to take any measures needed to fix such imbalances. These distortions, he said are created by some market players who manipulate supply and demand on the global oil market for their own political or geopolitical benefit.

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