Brazil will discuss the oil market with the G20 countries | Instant News

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São Paulo – Brazilian Minister of Mines and Energy Bento Albuquerque and his Saudi partner, prince Abdulaziz bin Salman Al Saud (the picture above), spoke on the phone last Sunday (5). Albuquerque told Al Saud that Brazil was ready to join the G20 discussion on the international oil market.

Albuquerque spoke on the phone with his colleague from Saudi Arabia

The Brazilian ministry said the Saudi minister asked whether Brazil would tend to start joint international efforts to find a mechanism to stabilize the market. Al Saud called on Brazil to take part in the G20 discussion on this issue.

According to the Brazilian Ministry, Albuquerque praised Al Saud for his efforts to build a coalition to discuss issues that are very important for all parties involved, especially at times of great challenges like this. Saudi Arabia is trying to get countries to agree to reduce production to support international oil prices.

According to the Brazilian Ministry of Mines and Energy, the telephone call was very constructive. Ministers shared their impressions of the Covid-19 pandemic crisis, and especially its impact on the global oil market. The G20 consists of the world’s leading economies, including Brazil. Saudi Arabia is currently in the group’s presidency.

The G20 Energy Minister is expected to negotiate online next Friday.

Translated by Gabriel Pomerancblum

Alexey Vitvitsky / Sputnik / AFP

Bruno Spada / MME

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