According to Arabia Net, a joint statement stated that the Saudi and Russian energy ministers had a telephone conversation in the framework of ongoing consultations on oil market developments.

They said that Saudi Arabia and Russia are strongly committed to achieving market stability and accelerating the rebalancing of the oil market.

They said they are confident of the full alignment of OPEC + partners with the goals and their compliance with the OPEC + agreement.

The statement stated that the Saudi and Russian energy ministers are satisfied with the recent indications of improvement in economic indicators and on the market level, especially the growth in demand for oil and the decline of concerns about storage restrictions with the exit Several countries have general isolation procedures.

The Russian Energy Minister welcomed additional oil production cuts by Saudi Arabia.