Balancing petrol production;  Saudi crown prince's call to the Russian president

Saudi Arabia and Russia’s leadership discuss oil production; Photo: File

Riyadh / Moscow: Saudi Crown Prince Mohammed bin Salman has telephoned Russian President Vladimir Putin for stability in the global oil market.

According to the World News Agency, in a telephone conversation between Saudi Crown Prince Mohammed bin Salman and the Russian President, it was agreed to cooperate among the members of the Organization of Oil Producing Countries “OPEC” for stability in the global oil market.

According to Saudi media, in this important discussion between the two leaders, they also agreed to further promote bilateral cooperation in the trade, economic and energy sectors and to recommend maintaining the current oil production policy at the OPEX meeting on February 1. has been.

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On the other hand, Russian media say that President Putin and the Saudi crown prince consulted on the decisions to be made in the OPEX meeting in the context of the global scenario and took each other into confidence.

This conversation between the two leaders also gained importance in the context that last year, OPEC reduced the oil production targets, which caused differences between the US and Saudi Arabia.

Rejecting the pressure on America, Saudi Foreign Minister Prince Faisal bin Farhan reminded the Biden administration this month that the stability of current oil prices proved that Saudi Arabia made the right decision last year.

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