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Coordination in OPEC+ causes resentment among those who want to subdue oil market — Lavrov

OPEC+ has defended its position and proved that this format is a serious, independent and reliable association of responsible countries, Russia's top diplomat noted

MOSCOW, February 1. /TASS/. Coordination among OPEC+ participants is viewed negatively by those who wish to use the oil market to serve their own interests exclusively, Russian Foreign Minister Sergey Lavrov said in an interview with RT Arabic.

Russia and Algeria are partners within the OPEC+ framework and in the Gas Exporting Countries Forum, the Minister said. "A decision was made recently at an ordinary ministerial meeting of OPEC+, which affirmed the coordinated, integral approach of all participants in this association to the regulation of the oil and petroleum products market resting on the balance of interests of producers and consumers. This step caused a painful reaction from those who want the market to serve only their interests at the expense of crude oil producers," Lavrov said.

OPEC+ has defended its position and proved that this format is a serious, independent and reliable association of responsible countries, Russia's top diplomat noted. The same can be said with respect to the Gas Exporting Countries Forum, with the principal approaches of countries supplying pipeline and liquefied natural gas to global markets being agreed, he added.

"Russia and Algeria are in full agreement on this issue. We strive to have stable markets. There should be no ‘playing’ with prices by artificially ‘throwing’ them to one side or another, as the US and their allies attempt to do with respect to Russian oil and gas," the Minister said.

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Foreign policy OPEC

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