CORRECTED-Russia's Putin says global oil inventories need cutting to 'reasonable level' - Arabiya

Russian President Vladimir Putin said global oil inventories need cutting to "reasonable levels" and that attacks in recent months on tankers in the Gulf and Saudi oil sites will bolster cooperation between OPEC, Russia, and other oil producers.

Putin was speaking in an interview with Arab broadcasters, including Saudi-owned Al Arabiya TV, ahead of his first visit to Saudi Arabia in more than a decade. He told Al Arabiya that Russia would work with the kingdom and other partners to "reduce to zero attempts to destabilize the oil market".