Putin and Saudi crown prince discuss OPEC+ cooperation to maintain price stability -Kremlin

FILE PHOTO: Russian President Vladimir Putin and Saudi Arabia's Crown Prince Mohammed bin Salman attend a meeting in Riyadh, Saudi Arabia, October 14, 2019. Sputnik/Alexei Nikolsky/Kremlin via REUTERS

Russian President Vladimir Putin held a phone call with Saudi Crown Prince Mohammed Bin Salman on Monday to discuss cooperation within the OPEC+ group of oil producing countries in order to maintain oil price stability, the Kremlin said in a statement.

Ministers from the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, known collectively as OPEC+, are due to hold a virtual meeting on Wednesday.

Two OPEC+ delegates told Reuters on Monday that the panel was likely to recommend keeping the group's current oil output policy.

FILE PHOTO: Russian President Vladimir Putin presents a gift made of mammoth tusk to Saudi Arabia's Crown Prince Mohammed bin Salman as head of the Chechen Republic Ramzan Kadyrov looks on in Riyadh, Saudi Arabia, October 14, 2019. Sputnik/Alexei Nikolsky/Kremlin via REUTERS

Russian oil production has so far shown resilience in the face of Western sanctions imposed after Moscow sent troops into Ukraine on Feb. 24 and price caps introduced by Western countries in December.

(Reporting by Reuters; Writing by Kevin Liffey; Editing by Christina Fincher)