Saudi crown prince, Russian president review efforts to stabilize energy market

APD NEWS

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Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud and Russian President Vladimir Putin have reviewed efforts to stabilize the energy markets, the Saudi Press Agency reported on Saturday.

In a telephone call, both sides stressed the importance of the cooperation of all producing countries to support the growth of the global economy.

In a joint phone call on Friday, Saudi King Salman bin Abdulaziz Al Saud, U.S. President Donald Trump and Putin reviewed efforts in the light of the OPEC+ meeting and the importance of joint cooperation to stabilize energy markets in order to support the growth of global economy.

The phone call was made after the ninth Extraordinary OPEC and non-OPEC Ministerial Meeting that was held via webinar on Thursday.

In the meeting, the OPEC and non-OPEC oil-producing countries, except Mexico agreed to cut their overall crude oil production, so the agreement is valid per the approval of Mexico.