Oct 17, 2020
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Putin had another telephone conversation with the Prince of Saudi Arabia

Vladimir Putin
Vladimir Putin

Russian leader Vladimir Putin spoke with the Crown Prince of Saudi Arabia, Mohammed bin Salman Al Saud, the Kremlin press service reported.

President of the Russian Federation Vladimir Putin had a telephone conversation with Crown Prince of the Kingdom of Saudi Arabia Mohammed bin Salman Al Saud, - the message says.

The parties discussed the implementation of the agreements in the OPEC + format, and also emphasized their readiness to coordinate in this area to maintain stability in the energy market.

Earlier, politicians had a telephone conversation on October 13. The conversation was held on the initiative of Riyadh. wrote that negotiations between Saudi Arabia and Russia on stabilizing the oil market have shown their effectiveness. This issue remains among the topical issues on the agenda, said the press secretary of the President of the Russian Federation Dmitry Peskov.

In May, OPEC + cut oil production by 9.7 million barrels per day. Since August, this quota has been reduced to 7.7 million and, according to a further plan, from January 1, 2021, it should decrease to 5.8 million. In other words, oil production should increase by almost another 2 million barrels per day.

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