Oil Central to Putin's Call with Saudi Crown Prince

Russian President Vladimir Putin discussed the OPEC+ agreement to cut oil production with Saudi Crown Prince Mohammed bin Salman during a phone call on Friday, according to the Kremlin. In a statement, it was mentioned that "both parties expressed satisfaction with the level of cooperation between the two countries to achieve stability in the global oil market. The call was friendly, constructive, and beneficial. Based on this, an agreement was reached to build links in specific areas of cooperation." Earlier this month, OPEC+ producers unexpectedly announced additional cuts in crude production by about 1.16 million barrels per day.