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The recent comments are crossing the wires from the Russian Energy Minister Alexander Novak, as he assures markets that the recent changes in Saudi Arabia’s oil management will not hurt cooperation between Russia and Saudi Arabia.

He said that Russia will continue coordination with the OPEC.

Additional Quotes:

Will meet Saudi EnergyMin Al-Falih in September.

The meeting will take place in September.

Russia is ready for gas talks with Ukraine, EU.