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Putin And MbS Underline Importance Of OPEC+ Framework

OPEC+

Russian President Vladimir Putin and Saudi Crown Prince Mohammad bin Salman, the de facto ruler of Saudi Arabia, held a call today to discuss OPEC+ and bilateral issues.

  • According to a Kremlin readout, "both sides gave a positive assessment of the achieved level of friendly relations between Russia and Saudi Arabia."
  • On oil, the Kremlin claims the two leaders considered the current situation in the world oil market in detail, and emphasised "the importance of further coordination within the framework of OPEC Plus."
  • The readout notes satisfaction that OPEC+ countries are "consistently fulfilling their obligations in order to maintain the necessary balance and stability in the global energy market."
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Russian President Vladimir Putin and Saudi Crown Prince Mohammad bin Salman, the de facto ruler of Saudi Arabia, held a call today to discuss OPEC+ and bilateral issues.

  • According to a Kremlin readout, "both sides gave a positive assessment of the achieved level of friendly relations between Russia and Saudi Arabia."
  • On oil, the Kremlin claims the two leaders considered the current situation in the world oil market in detail, and emphasised "the importance of further coordination within the framework of OPEC Plus."
  • The readout notes satisfaction that OPEC+ countries are "consistently fulfilling their obligations in order to maintain the necessary balance and stability in the global energy market."