“It was emphasized that a further coordination within OPEC+ is important,” according to the statement. “It was noted with satisfaction that member states are consistently meeting their obligations to support the necessary balance and stability in the global energy market.”
The phone call between Russia’s president and the de-facto Saudi leader comes less than two weeks before the Organization of Petroleum Exporting Countries and its allies meet to discuss production strategy. Those talks could determine whether the group delivers additional oil, as requested by US President Joe Biden earlier this month in a visit to the Middle Eastern kingdom.
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino.
Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.
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