Finance
Russia's Putin and Saudi crown prince discuss work of OPEC+, Kremlin says
Published by Global Banking and Finance Review
Posted on February 3, 2026
1 min readLast updated: February 3, 2026
Quick Summary
Putin and Saudi Crown Prince discussed OPEC+ cooperation, focusing on global energy stability and enhancing bilateral relations.
Russia's Putin and Saudi crown prince discuss work of OPEC+, Kremlin
Discussion on OPEC+ and Energy Stability
MOSCOW, Feb 3 (Reuters) - Russian President Vladimir Putin held a phone call with Saudi Arabia's Crown Prince Mohammed bin Salman, the Kremlin said on Tuesday, saying they had agreed to deepen cooperation in the political, economic, trade and humanitarian spheres.
Bilateral Relations
According to the Kremlin statement, the two leaders also discussed the progress of their joint work within the OPEC+ format and efforts to maintain stability on global energy markets.
Global Energy Market Stability
Saudi state news agency SPA said the prince and Putin discussed bilateral relations and regional and international developments.
(Reporting by Anton Kolodyazhnyy and Menna Alaa El-DinWriting by Maxim RodionovEditing by Andrew Osborn and Peter Graff)
Key Takeaways
- •Putin and Saudi Crown Prince discussed OPEC+ cooperation.
- •Focus on global energy market stability.
- •Agreement to deepen bilateral relations.
- •Discussion on political and economic cooperation.
- •Regional and international developments were addressed.
Frequently Asked Questions about Russia's Putin and Saudi crown prince discuss work of OPEC+, Kremlin says
1What is OPEC?
OPEC, or the Organization of the Petroleum Exporting Countries, is a group of oil-producing nations that coordinates and unifies petroleum policies among member countries to ensure the stabilization of oil markets.
2What is energy market stability?
Energy market stability refers to a condition where energy prices remain relatively constant, ensuring a reliable supply and demand balance, which is crucial for economic growth and investment in energy resources.
3What is global cooperation?
Global cooperation involves countries working together to address common challenges and achieve mutual goals, often through international organizations and treaties, focusing on issues like trade, security, and environmental sustainability.
