Putin & Bin Salman Discuss OPEC+ Coordination Amid Energy Market Challenges

Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman discussed the importance of OPEC+ coordination to stabilize the energy market during a phone call. The Kremlin highlighted the need for continued close cooperation within the group to ensure market stability.

Russian President Vladimir Putin engaged in a phone conversation with Saudi Crown Prince Mohammed bin Salman, emphasizing the necessity of maintaining close coordination within OPEC+ to ensure energy market stability, the Kremlin stated on Wednesday.

The leaders acknowledged ongoing challenges in the market and reiterated their commitment to collaborative efforts. Details on specific strategies or measures were not disclosed.

The call underscores the critical role of OPEC+ in regulating oil production and maintaining market equilibrium amid global economic fluctuations.

(With inputs from agencies.)