Russia: Towards a Balance of Interests in the Eastern Mediterranean
... systematic interaction with influential international organisations, whose key members are the energy exporting states of the Middle East and North Africa. Joint monitoring of the oil market, production adjustments and other measures stabilised the situation.... ... became more difficult, partly due to the non-participation in the negotiations of the US, the third-largest oil producer after Russia and Saudi Arabia. Demand in the COVID-19 era began to fall sharply and additional cuts in oil production were required. However, oil players did not immediately ...