Putin: Russia, Saudi Arabia agree to renew oil output cuts

President Vladimir Putin said Saturday that Russia and Saudi Arabia have agreed to renew a pact on oil production cuts, as crude prices slump on global markets.

Following talks at a G20 summit with Saudi Crown Prince Mohammed bin Salman, Putin said “we have agreed to extend our agreement.”

Last Update: Wednesday, 20 May 2020 KSA 14:03 - GMT 11:03