Russia and Saudi Arabia Step Up Oil Diplomacy

Russian President Vladimir Putin (L) meets with Saudi Arabia's Crown Prince Mohammed bin Salman in Riyadh, Saudi Arabia, on October 14, 2019. (Photo by Alexey NIKOLSKY / SPUTNIK / AFP) (Photo by ALEXEY NIKOLSKY/SPUTNIK/AFP via Getty Images)Photographer: ALEXEY NIKOLSKY/AFP

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By Javier Blas and Ilya Arkhipov

October 17, 2020 at 9:56 AM EDT

Updated on

October 17, 2020 at 12:15 PM EDT

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Russia and Saudi Arabia held a second, and unusual, phone call this week to discuss the OPEC+ agreement after officials from the group warned on Friday of the potential for a weaker oil market in 2021.

President Vladimir Putin and Saudi Arabia Crown Prince Mohammed Bin Salman spoke Saturday in what the Kremlin said was a continuation of an Oct. 13 conversation. The two discussed the OPEC+ cooperation “extensively,” the Kremlin said in an emailed statement.

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