The Kremlin has admitted talks with Saudi Arabia on the situation in the oil market

Photo: TASS/Stanislav Krasilnikov

Russian President Vladimir Putin may discuss with the leadership of Saudi Arabia the situation in the oil market, if such negotiations are required. It is reported TASS with reference to press Secretary of the head of state, Dmitry Peskov.

“the President is in close contact with the leadership of Saudi Arabia. If necessary, such contacts will be made”, – said the representative of the Kremlin.

According to Peskov, the government will announce their respective plans, if a meeting schedule.

According to leading analyst Forex Optimum Ivan Kapustyasky coronavirus could seriously affect the global demand of oil in the negative direction. Specialist said that the price of oil has fallen because of the epidemic, and in the future can lose about three dollars per barrel.

Earlier it was reported that the cost of the futures on Brent crude for delivery in April 2020, on the ICE futures exchange fell more than 3 percent. In monetary terms the total value reached 56,96 dollars per barrel.

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