Putin, Saudi PM discuss oil market stability

The Kremlin's press service on Wednesday said Russian President Vladimir Putin and Saudi Crown Prince and Prime Minister Mohammed bin Salman Al Saud discussed ensuring the stability of the global energy market during a phone conversation.

Both sides appreciated the level of cooperation within the OPEC, which enables timely and effective measures to maintain the balance of oil supply and demand.

Both sides greatly appreciated the level of cooperation within the framework of OPEC, the organisation of the petroleum exporting countries and its allies, which allows for timely and effective measures to maintain the balance of oil supply and demand, the statement said.

The two leaders also discussed measures for enhancing trade and economic ties and implementing promising joint projects in investment, transport logistics and energy.