12:57 - 6.12.2018
December 6, Fineko/abc.az. Energy Minister Parviz Shahbazov of Azerbaijan and Minister of Energy, Industry & Natural Resources Khalid Abdulaziz Al Falih of Saudi Arabia conducted negotiations in Vienna.
The Ministry of Energy reports that during the meeting the factors causing changes in oil prices, short- and medium-term prospects, the state of supply and demand in the market were discussed.
"The ministers exchanged views on price stabilization and production restrictions to ensure a balance, noted the need to continue cooperation between OPEC and non-OPEC countries in 2019," the MoE said in a statement.
The ministers also covered the possibility of expanding energy cooperation between the two countries.
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