Russia and Saudi Arabia agree to extend deal with Opec to curb oil output
In this Persian‑language interview, TV host Speaker A talks with Omid Shokri, a Washington‑based oil‑and‑energy analyst, about the state of the global oil market in mid‑2019. Shokri explains that the fundamental driver of oil prices is the supply‑demand balance, noting that weak demand from major economies has kept prices low despite OPEC+ production cuts. He discusses the recent extension of the OPEC+ agreement, emphasizing that if the cuts are fully honored, prices are unlikely to rise sharply before the end of summer. The conversation then shifts to the deepening energy partnership between Saudi Arabia and Russia, citing large‑scale investment projects such as Saudi Aramco’s participation in Russian Arctic oil ventures and other multi‑billion‑dollar deals. Shokri argues that this cooperation could translate into a broader political alignment that may affect regional dynamics. Finally, he addresses the impact of U.S. sanctions on Iran, explaining that Iran’s oil is currently sold only on the gray market and that, until sanctions are lifted, Iran cannot re‑enter the OPEC‑coordinated market or regain a significant share of regional oil exports. The interview concludes with a thank‑you from the host.
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