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Putin, Trump hold telephone conversation, discuss OPEC+ deal

Source : 112 Ukraine

The next meeting of OPEC is scheduled to take place on June 9
10:54, 2 June 2020

Russia's President Vladimir Putin and U.S. President Donald Trump
AP photo

President of the Russian Federation Vladimir Putin and his U.S. counterpart Donald Trump discussed the OPEC+ deal during a phone conversation, Bloomberg reports.

It has been stated that the multilateral agreement reached with the active support of U.S. and Russian presidents has been leading to a gradual recovery of oil demand and price stabilization,” the Kremlin said in its statement.

The next meeting of OPEC is scheduled to take place on June 9. It will be held via videoconference.

Related: Trump put ultimatum to Saudi Arabia to reduce oil production, - media

It is worth noting that the U.S. did not formally join the deal, but Trump helped to broker it. As a result, the country’s production has dropped significantly.

As we reported earlier, on April 15, OPEC member countries finally agreed on the final version of the deal to reduce oil production to stabilize world prices.

In general, the price war between Saudi Arabia and Russia has officially ended, OPEC + is still afloat, and oil prices will stabilize before the end of the year according to forecasts by OPEC analysts.

Related: How crisis hit Russian oil and gas industry?

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