Al-Falih said to visit Russia this week

Saudi Arabia’s energy minister Khalid Al-Falih is expected to visit Russia next week, Reuters reported citing sources familiar with the matter.

Al-Falih will first visit Moscow then Saint Petersburg, where Russia will host the Economic Forum June 1-3.

During the forum, Al-Falih will meet with his Russian counterpart, Alexander Novak, the OPEC Secretary General Mohammad Sanusi Barkindo, CEOs of Total and BP.

OPEC as well as the non-OPEC oil producing countries, including Russia, agreed last week to extend the oil production cut for nine months.