King Salman, Putin commit to Saudi-Russian coordination in energy markets

King Salman, Putin commit to Saudi-Russian coordination in energy markets

RIYADH, Feb. 19 (Rahnuma): Saudi Arabia’s King Salman and Russian president Vladimir Putin voiced their support for continued coordination on the global energy markets, the Kremlin said on Tuesday, after the two leaders had a telephone conversation.

The Kremlin also said the two leaders praised the ongoing 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 (OPEC) 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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