Putin discusses OPEC+ deal in call with Saudi Crown Prince, Kremlin says
Russian President Vladimir Putin discussed the OPEC+ deal to cap
oil production with Saudi Arabia’s Crown Prince Mohammed bin
Salman, in a telephone call on Friday, the Kremlin said, Azernews
reports citing Al Arabia.
The two expressed satisfaction with the level of cooperation
between the two countries to bring stability to the global oil
market, the Kremlin said in a readout of the call.
Putin and the Crown Prince also forged close business
relations.
“The conversation proceeded in a friendly manner, was constructive and informative. With this in mind, it was agreed to build up contacts in specific areas of cooperation,” the Kremlin said.
The Organization of the Petroleum Exporting Countries (OPEC) in 2016 forged an alliance known as OPEC+ with other big producers led by Russia, to closely interact on the oil market.
Earlier this month, OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per day in a surprise move.
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