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Kremlin: Putin, Saudi King Ready to Continue Energy Cooperation


FILE - Russian President Vladimir Putin sits at a table during a telephone conversation in St. Petersburg, Russia, Dec. 15, 2018.
FILE - Russian President Vladimir Putin sits at a table during a telephone conversation in St. Petersburg, Russia, Dec. 15, 2018.

Russia's President Vladimir Putin and Saudi King Salman bin Abdulaziz, in a telephone conversation, voiced their support for continued coordination on the global energy markets, the Kremlin said on Tuesday.

The Kremlin also said the two leaders praised bilateral cooperation between Russia and Saudi Arabia.

"Mutual attitude for further strengthening of multifaceted Russia-Saudi Arabia ties has been expressed," the Kremlin said.

Russia, other leading oil producers and the Organization for the Petroleum Exporting Countries agreed to cut their oil output by a combined 1.2 million barrels per day starting from January in order to balance global oil markets and support prices.

The next ministerial OPEC and non-OPEC meeting is due to be held in Vienna in mid-April.


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    Reuters

    Reuters is a news agency founded in 1851 and owned by the Thomson Reuters Corporation based in Toronto, Canada. One of the world's largest wire services, it provides financial news as well as international coverage in over 16 languages to more than 1000 newspapers and 750 broadcasters around the globe.

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