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Kremlin: Russia’s Putin, Saudi crown prince praise OPEC+ cooperation

Published 07/06/2023, 21:17
Updated 07/06/2023, 21:21
© Reuters. FILE PHOTO: Russian President Vladimir Putin and Saudi Arabia's Crown Prince Mohammed bin Salman attend a meeting in Riyadh, Saudi Arabia, October 14, 2019.  Sputnik/Alexei Nikolsky/Kremlin via REUTERS

(Reuters) - Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman praised, during a telephone discussion on Wednesday, their cooperation within the context of the OPEC+ oil producers' group, the Kremlin said on Wednesday.

"The topic of ensuring stability on world energy markets was discussed in detail," a Kremlin statement on the Telegram messaging app said.

© Reuters. FILE PHOTO: Russian President Vladimir Putin and Saudi Arabia's Crown Prince Mohammed bin Salman attend a meeting in Riyadh, Saudi Arabia, October 14, 2019.  Sputnik/Alexei Nikolsky/Kremlin via REUTERS

"Both sides praised cooperation within the framework of Opec+ allowing for the adoption of timely and effective steps to ensure balance between supply and demand for oil."

The statement noted the importance of agreements reached at the group's meeting this week under which Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into 2024.

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