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Energy

Russian-Saudi cooperation helps stabilises oil markets, Kremlin says

FILE PHOTO: Kremlin spokesman Dmitry Peskov attends the annual end-of-year news conference of Russian President Vladimir Putin in Moscow, Russia December 19, 2019. Sputnik/Alexei Nikolsky/Kremlin via REUTERS

MOSCOW (Reuters) - The Kremlin on Wednesday said that Russian cooperation with Saudi Arabia had proven effective in the past to stabilise global oil markets.

The comments, made by Kremlin spokesman Dmitry Peskov on a conference call with reporters, come a day after President Vladimir Putin held a phone call with Saudi Crown Prince Mohammed bin Salman in which they discussed their countries’ cooperation, including in the OPEC+ format.

Reporting by Gabrielle Tétrault-Farber, Anton Kolodyazhnyy and Andrew Osborn; writing by by Gabrielle Tétrault-Farber; editing by Maria Kiselyova

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