top of page

Putin Discusses OPEC+ Deal In Call With Saudi Crown Prince

PARIS, France - Russian President Vladimir Putin discussed the OPEC+ deal to cap oil production with the Crown Prince of Saudi Arabia, Mohammed bin Salman, in a telephone call on Friday, the Kremlin said.

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.

"The conversation proceeded in a friendly manner, was constructive and informative. With this in mind, it was agreed to build contacts in specific areas of cooperation'', the Kremlin said.

The Organization of the Petroleum Exporting Countries (OPEC) and its kingpin Saudi Arabia, the world's largest oil producer, 2016 forged an alliance known as OPEC+ with other 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.



bottom of page