A New Era For The Saudi-Russia Energy Alliance

Saudi Arabia and Russia signed a deal on Monday to increase cooperation between OPEC+, taking what was a loose alliance between OPEC and several non-OPEC members, including Russia, and making it more official, RT reported on Monday. Other agreements forged during Putin’s visit to Saudi Arabia on energy were also signed, S&P Global Platts reported. One of the deals is between the Russian Direct Investment Fund, Saudi Aramco, and Saudi Arabia’s sovereign wealth fund to acquire a near-31% stake in Russia’s Novomet, which holds…