Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al Saud met his Russian counterpart Alexander Novak in St Petersburg to discuss global energy market stability. Both acknowledged increased uncertainty in demand due to ongoing conflicts and disruptions, with Russia also reporting a decline in oil production due to refinery maintenance.
The St Petersburg International Economic Forum (SPIEF) begins in Russia with 20,000 guests from over 130 countries. Despite the ongoing war in Ukraine and Western sanctions, the forum aims to showcase Russia's global partnerships, particularly with the Global South, and attract foreign investment.
Ukrainian drones targeted energy and military sites in St. Petersburg, including an oil terminal and a military base, early Wednesday. The attacks occurred as Russia hosts the St. Petersburg International Economic Forum, an event attracting thousands of international guests.
Ukrainian drones targeted energy and military sites in St. Petersburg, including the St. Petersburg Oil Terminal and Kronstadt military base, early Wednesday. The attacks occurred as the city hosts the St. Petersburg International Economic Forum, with Governor Alexander Beglov confirming damage to infrastructure but no fatalities. President Zelensky stated the strikes are part of Ukraine's "long-range sanctions" plan.
