(Adds detail)
MOSCOW, April 21 (Reuters) - Russian President Vladimir
Putin discussed the OPEC+ deal to cap oil production with the
Crown Prince of Saudi Arabia, Mohammed bin Salman, in a
telephone call on Friday, the Kremlin said.
The two expressed satisfaction with the level of cooperation
between the two countries to bring stability to the global oil
market, the Kremlin said in a readout of the call.
Putin and the Crown Prince, who is widely known as MbS, have
also forged close business relations.
"The conversation proceeded in a friendly manner, was
constructive and informative. With this in mind, it was agreed
to build up contacts in specific areas of cooperation," the
Kremlin said.
The Organization of the Petroleum Exporting Countries (OPEC)
and its kingpin Saudi Arabia, the world's largest oil producer,
in 2016 forged an alliance known as OPEC+ with other big
producers led by Russia, to closely interact on the oil market.
Earlier this month, OPEC+ oil producers announced further
oil output cuts of around 1.16 million barrels per day in a
surprise move.
(Reporting by Reuters; Editing by Mark Heinrich and Jan Harvey)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.