This is Maduro’s third visit to Saudi Arabia

The president of Venezuela, Nicolás Maduro, will hold in this Saudi Arabian city a series of work meetings to consolidate political, diplomatic and energy relations between the two nations.

This meeting was held two months after several countries in this cartel announced a voluntary cut in their production quotas to boost prices.

The members of the alliance of oil-exporting countries, OPEC+, held a meeting on Sunday where they adopted a strategy to boost the prices of black gold by cutting crude production.