Saudi King Salman, Putin, Trump Discussed Situation in Oil Markets

Riyadh: Russian President Vladimir Putin, US President Donald Trump and Saudi King Salman bin Abdulaziz Al Saud have discussed the situation on oil markets and confirmed their wish to coordinate moves on stabilizing oil markets and minimizing the negative impact on price volatility, the Russian president’s press office said in a statement.

Saudi Arabia’s King Salman, U.S. President Donald Trump and Russian President Vladimir Putin reviewed, in a phone call, the importance of cooperation between oilNSE 2.13 % producing countries, after Thursday’s OPEC+ meeting, Saudi state news agency SPA reported.

The leaders stressed the importance of cooperation between oil producing nations to maintain stability of energy markets and support growth in global economy, SPA reported on Friday.

OPEC and its allies led by Russia agreed on Thursday to cut oil output by more than a fifth and said they expected the United States and other producers to join in their effort to lift prices that have been pummelled by the coronavirus outbreak.

About Arif Qureshi

Check Also

FM Qureshi says Pakistan and Saudi Arabia have heart-to-heart relationship

Islamabad: Foreign Minister Shah Mahmood Qureshi on Monday dismissed a campaign on social media, claiming a …