Russia, the US and Saudi Arabia are willing to stabilize the oil market

As specified, the parties discussed the situation on the oil markets, including taking into account of the negotiations OPEC+. The leaders of Russia, USA and Saudi Arabia are set to coordinate their actions in order to stabilize the oil market and to minimise the negative impact of price volatility, said the Kremlin.

Earlier, the President of the United States trump called these tripartite talks “good,” adding that OPEC members+ close to the conclusion of the transaction.

According to RIA Novosti, the new deal provides for the reduction of oil production in the next two months to 10 million barrels per day. While Russia and Saudi Arabia in this period will be required to produce not more than 8.8 million barrels per day.