Saudi Arabia’s Crown Prince Mohammed bin Salman stressed in a call with Russia’s President Vladimir Putin the importance of maintaining the OPEC+ agreement for the stability of energy markets amid the impact of the Ukraine crisis, state news agency SPA reported on Thursday.
“With regard to the impact of the Ukraine crisis on energy markets, [the Crown Prince] reiterated the Kingdom's keenness to maintain the balance and stability of oil markets, noting the role of the OPEC+ agreement and the importance of maintaining it,” SPA reported.
For the latest headlines, follow our Google News channel online or via the app.
The Crown Prince also stressed that the Kingdom is willing to exert all efforts to mediate between Russia and Ukraine, and to reach a political solution to the crisis.
The report added that the Crown Prince and Putin discussed bilateral relations and means to strengthen them in various fields.
Oil prices have surged as supply disruption fears mounted following hefty sanctions on Russian banks amid the intensifying Ukraine conflict.
On Wednesday, brent crude futures rose by more than $8, touching a peak of $113.02 a barrel, the highest since June 2014, before easing to $111.17, up by $6.20 or 5.9 percent by 0950 GMT.
Too soon to declare that Ukraine's Kherson is in Russian hands, says US official
Too soon to declare that Ukraine's Kherson is in Russian hands, says US officialThe US believes that Russian forces have not yet taken over the Ukrainian city of Kherson, but could use it as part of a strategy for potentially ... World News
Italy’s Eni to pull out of Russia-Turkey pipeline amid Ukraine crisisItalian oil giant Eni said Tuesday it would withdraw from the Blue Stream gas pipeline linking Russia to Turkey, in which it has a 50 percent ... Energy
Putin: Ukraine operation ‘going to plan’, Middle East mercenaries fighting on groundRussia’s President Vladimir Putin said on Thursday that his country’s military operations in Ukraine were going according to plan, and alleged that ... World News