Saudi oil minister says "we are aligned with Russia" on oil market views

Comments by Khalid Al-Falih after meeting with Russia's oil minister, Alexander Novak, earlier

• Respect that stability in the oil market has not been achieved
• There's almost a "full alignment" between Russia and Saudi Arabia
• Exact volumes of output is to be discussed
• Decision to be made in July and can always be adjusted later in 2H 2019

He's certainly trying his best to calm the market situation over the past few weeks and the suggestion here is that they are moving closer to an agreement to get Russia on board with the OPEC+ deal extension, even offering up the flexibility to adjust output if need be after the agreement is made in July.