Saudi Arabia Stresses Importance of Cooperation with OPEC+

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah. SPA
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah. SPA
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Saudi Arabia Stresses Importance of Cooperation with OPEC+

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah. SPA
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah. SPA

Saudi Arabia stressed the importance of collective cooperation with OPEC+ for the stability of global oil markets, the Kingdom's Foreign Minister said on Saturday in his speech to the United Nations General Assembly.

"The Kingdom is keen on maintaining the stability, reliability, sustainability and security of global oil markets, and meet the needs of consumers to ensure a healthy global economy that benefits producers and consumers,” said Saudi Minister of Foreign Affairs Prince Faisal bin Farhan.

He added that "Saudi Arabia always underscores the importance of collective cooperation with OPEC+'' to stabilize the global oil markets and enhance their reliability, sustainability and security.

The OPEC+ policy of closely monitoring the markets and adopting a precautionary approach has contributed, he said, to the stability and balance of the oil markets, as was evident in the stability witnessed by the oil markets in 2022, compared to other energy markets, such as natural gas and coal markets.

 

 

 



Trump Says US 'Pretty Close' to Minerals Deal with Ukraine

President Donald Trump speaks to reporters before departing the White House in Washington, Saturday, Feb. 22, 2025. (AP Photo/Manuel Balce Ceneta)
President Donald Trump speaks to reporters before departing the White House in Washington, Saturday, Feb. 22, 2025. (AP Photo/Manuel Balce Ceneta)
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Trump Says US 'Pretty Close' to Minerals Deal with Ukraine

President Donald Trump speaks to reporters before departing the White House in Washington, Saturday, Feb. 22, 2025. (AP Photo/Manuel Balce Ceneta)
President Donald Trump speaks to reporters before departing the White House in Washington, Saturday, Feb. 22, 2025. (AP Photo/Manuel Balce Ceneta)

President Donald Trump said on Saturday the United States is close to an agreement with Ukraine on sharing revenue from Ukrainian minerals as part of efforts to end the Ukraine war.

"I think we're pretty close to a deal," Trump told a gathering of conservatives in National Harbor, Maryland, on the outskirts of Washington.

He said the United States wanted to recoup the billions of dollars in military aid Washington has given to Ukraine in its fight to repel Russian invaders. He said the United States is asking for rare earths, oil or "anything we can get."

US negotiators pressing Kyiv for access to Ukraine's critical minerals have raised the possibility of cutting the country's access to Elon Musk's vital Starlink satellite internet system, three sources familiar with the matter told Reuters on Saturday.
Ukraine's continued access to SpaceX-owned Starlink was brought up in discussions between US and Ukrainian officials after Ukrainian President Volodymyr Zelenskiy turned down an initial proposal from US Treasury Secretary Scott Bessent, the sources said.
Starlink provides crucial internet connectivity to war-torn Ukraine and its military.
The issue was raised again on Thursday during meetings between Keith Kellogg, the US special Ukraine envoy, and Zelenskiy, said one of the sources, who was briefed on the talks.
During the meeting, Ukraine was told it faced imminent shutoff of the service if it did not reach a deal on critical minerals, said the source, who requested anonymity to discuss closed negotiations.
"Ukraine runs on Starlink. They consider it their North Star," said the source. "Losing Starlink ... would be a massive blow."

After Reuters published its story, Musk posted on X that the article was “false” and “Reuters is lying.” Contacted by Reuters for specifics, Musk did not immediately respond.
A Reuters spokesperson said the news agency stands by its reporting.