Putin discusses oil market with Saudi crown prince, who hosted Biden last week

Vladimir Putin, Russian President

© APA | Vladimir Putin, Russian President

# 21 July 2022 21:12 (UTC +04:00)

Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman spoke by phone on Thursday and underlined the importance of further cooperation within the OPEC+ group of oil producers, the Kremlin said, APA reports citing Reuters.

The conversation took place six days after U.S. President Joe Biden visited the prince in Saudi Arabia - highlighting the kingdom's importance to both Washington and Moscow at a time when the Russia-Ukraine war in is roiling global energy markets.

"The current situation on the world oil market was considered in detail. The importance of further coordination within the framework of OPEC+ was emphasized," the Kremlin said.

"It was noted with satisfaction that the countries participating in this format are consistently fulfilling their obligations in order to maintain the necessary balance and stability in the global energy market."

OPEC+ brings together the Organization of the Petroleum Exporting Countries with a group of other producers led by Russia.

The Kremlin said the two leaders also discussed expanding trade and economic ties, and exchanged views on the situation in Syria.