Putin, Saudi crown prince discuss further Opec+ cooperation

Business & Finance
7 Dec 2023 • 7:30 AM MYT
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RIYADH: Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman discussed further cooperation on oil prices on Wednesday (Dec 6) as members of Opec+, a Kremlin spokesperson was quoted as saying.

A Saudi account of the meeting said the crown prince praised joint coordination between the two countries “that helped remove tensions in Middle East”.

Putin and the crown prince, de facto ruler of the world’s largest crude exporter, had the hastily arranged talks hours after the Kremlin leader visited Saudi Arabia’s Gulf neighbour, the United Arab Emirates.

Kremlin spokesperson Dmitry Peskov, quoted by Russian news agencies, said cooperation would continue within Opec+, which includes the Organization of the Petroleum Exporting Countries (Opec) and allies led by Russia.

The meeting took place after a fall in oil prices despite an Opec+ pledge to cut output further.

“We talked again about cooperation in Opec+,” Interfax news agency quoted Peskov as saying. “The parties agree that our countries bear a great responsibility for interaction in order to maintain the international energy market at the proper level, in a stable, predictable state.”

The Saudi Press Agency quoted the crown prince as saying: “We share many interests and many files that we are working on together for the benefit of Russia, the Kingdom of Saudi Arabia, the Middle East and the world as well.” – Reuters

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