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Saudis rebuff Russian OPEC proposals

A Saudi Arabian energy ministry official said on Friday there had been no contact between the Saudi and Russian energy ministers over any increase in the number of OPEC+ countries, nor any discussion of a joint agreement to balance oil markets.

The comments come after a senior Russian official said Moscow was in contact with Riyadh and a number of other countries to see if the number of OPEC+ members might increase, raising the possibility of a joint agreement to balance oil markets.

Source: Reuters

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