# Chairman of Saudi Aramco on meeting with Putin, travelling to Arctic and OPEC deal -  Business & Economy - TASS

> Saudi Energy Minister Khalid al-Falih described his meeting with Russian President Putin at St. Petersburg, focused on joint investment and energy projects. He also discussed Russian oil and gas resources and possible investment in Russian services and chemicals.

- Date: 2017-06-03 · published 2017-06-03T12:00:00.000Z
- Category: geopolitics · region Russia · magnitude low
- Page: https://feedsoft.ai/events/70400-chairman-of-saudi-aramco-on-meeting-with-putin-travelling-to-arctic-and-opec
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

The interview is about investment cooperation rather than near-term supply changes, so it has little direct effect on feed commodity prices. It does signal closer Saudi-Russian ties within the OPEC-non-OPEC framework.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-11-30 | [OPEC+ ministers reaffirm earlier decisions on oil production in 2026 -  Business & Economy - TASS](https://feedsoft.ai/events/21873-opec-ministers-reaffirm-earlier-decisions-on-oil-production-in-2026-business.md) | +2.7% | -1.1% |
| WTI | 2020-11-30 | [OPEC alliance fails to decide on output hike ahead of major meeting – Businessday NG](https://feedsoft.ai/events/50067-opec-alliance-fails-to-decide-on-output-hike-ahead-of-major-meeting-businessday.md) | +1.5% | +4.3% |
| WTI | 2018-12-07 | [OPEC and Russia agree to slash oil production \| CNN Business](https://feedsoft.ai/events/61456-opec-and-russia-agree-to-slash-oil-production-cnn-business.md) | +2.2% | -6.2% |
| WTI | 2023-01-30 | [Putin, MBS Discuss Oil Strategy Ahead Of OPEC+ Meeting \| OilPrice.com](https://feedsoft.ai/events/37949-putin-mbs-discuss-oil-strategy-ahead-of-opec-meeting-oilprice-com.md) | -7.9% | -5.2% |
| WTI | 2020-01-23 | [Opec+  to discuss all options at March meeting, Saudi energy minister says \| The National](https://feedsoft.ai/events/54973-opec-to-discuss-all-options-at-march-meeting-saudi-energy-minister-says-the.md) | -6.1% | -5.3% |
| BRENT | 2025-11-30 | [OPEC+ ministers reaffirm earlier decisions on oil production in 2026 -  Business & Economy - TASS](https://feedsoft.ai/events/21873-opec-ministers-reaffirm-earlier-decisions-on-oil-production-in-2026-business.md) | +0.7% | -1.8% |
| BRENT | 2020-11-30 | [OPEC alliance fails to decide on output hike ahead of major meeting – Businessday NG](https://feedsoft.ai/events/50067-opec-alliance-fails-to-decide-on-output-hike-ahead-of-major-meeting-businessday.md) | +3.5% | +7.0% |
| BRENT | 2018-12-07 | [OPEC and Russia agree to slash oil production \| CNN Business](https://feedsoft.ai/events/61456-opec-and-russia-agree-to-slash-oil-production-cnn-business.md) | +2.2% | -2.9% |

## Sources

- tass.com: https://tass.com/economy/949691

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.