Saudi Arabia wants an oil price of $100

Saudi Arabia oil minister Khalid al-Falih and Russian energy minister Alexander Novak participated in a joint conference in Riyadh.
It became clear that the leading oil exporter, Saudi Arabia, would have been happy with a rise in the price of oil to 80, and why not even to $100 a barrel. This was accepted by investors and analysts as a sign that we will not see a change in OPEC's production constraints soon.
OPEC, together with Russia and several other leading manufacturers, began to jointly reduce oil production in January 2017 in an attempt to stabilize the cost of raw materials. They extended their agreement by the end of this year.
Recently, however, speculation is increasingly becoming among oil analysts that these measures will continue next year.
Over the past year, Saudi Arabia has become one of the main supporters of restrictive measures in the industry that will lead to a rise in the price of oil.