Putin and the Prince of Saudi Arabia discussed ensuring stability in the oil market
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President Vladimir Putin had a telephone conversation with Crown Prince of Saudi Arabia Mohammed bin Salman. They discussed, among other things, the coordination of actions to ensure stability in the oil market.
“Both sides highly appreciated the efforts within the framework of OPEC +, confirmed their intention to continue to adhere to the agreements reached,” reads a press release on site Kremlin.
The leaders of the two countries also discussed cooperation in the Shanghai Cooperation Organization and the September 21 exchange of prisoners between Russia and Ukraine, organized with the assistance of Saudi Arabia.
Top oil producing countries for the first time since May 2020 reduced production quota for October – it will decrease by 100 thousand barrels (b / d) per day. The participants in the OPEC+ deal saw threats in the slowdown in economic growth in the world. OPEC predicts decrease in oil production in Russia in 2023 by 0.4 million b/d.
About the fate of the OPEC deal – in the appendix “Kommersant” “Test Time”.
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