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Russia's Putin, Saudi's King Salman 'Satisfied' With OPEC & OPEC+ Cuts

OIL

Following a call between Russian President Vladimir Putin and Saudi King Salman, the Kremlin has stated that both sides were 'satisfied' with the current level of production cuts, saying that global energy markets had stabilised and both sides would continue coordinating action.

  • Call comes in the run up to the G20 summit, scheduled for 21-22 Nov in Riyadh, Saudi Arabia.
  • The two also discussed the production of a COVID-19 vaccine, which the Russian gov't has stated it is close to finalising.

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