Saudi Crown Prince Mohammed Bin Salman and Russian President Vladamir Putin spoke by phone
Saudi Arabia issued thier readout on the call:
- Salman, Putin "agreed on the importance of all oil-producing countries to continue cooperating and abiding by OPEC+ agreement to achieve these goals for the benefit of both producers and consumers"
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Background to this is an upcoming full meeting of OPEC+ on November 30 and December 1 to decide on any further production cuts from nearly 8 million barrels a day to 6 million barrels a day in January 2021
A small group of OPEC+ ministers are scheduled to review compliance on a conference call scheduled for October 19.
