SAUDI ARABIA

Crown Prince, Putin hold talks on global oil market stability

May 28, 2020

Saudi Gazette report

JEDDAH —
Crown Prince Muhammad Bin Salman, deputy premier and minister of defense, received a phone call from Russian President Vladimir Putin on Wednesday, Saudi Press Agency reported.

During the call, both the leaders agreed to coordinate efforts for the stability in the global oil market. The Russia president lauded the Kingdom's key role and efforts for the landmark OPEC+ agreement last month. They also discussed issues of mutual concern and means to develop bilateral relations.

“The President spoke by telephone with the Crown Prince of Saudi Arabia about joint efforts to reach agreements in the OPEC+ format,” read a tweet from the Russian president’s official handle.

“The sides continued their discussion of the developments on the global energy market. Both sides noted the importance of the joint efforts to reach the OPEC+ agreements on reducing oil production in April. They agreed to continue close coordination on this issue between the energy ministries,” the Kremlin said in a press statement.

The telephone conversation between the two leaders took place just two weeks before an online oil conference.


May 28, 2020
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