Putin talks Syria, oil with powerful Saudi prince

Saudi Defense Minister meets with President Putin in Moscow - media

Saudi Defense Minister meets with President Putin in Moscow - media

"The relations between Saudi Arabia and Russian Federation are going through one of their best moments ever", Prince Mohammed told Putin.

Prince Muhammad Bin Salman said both countries also expressed determination to have a clear mechanism to overcome disagreements.

"We have a lot of common ground".

For Boris Dolgov of the Middle East Institute of the Russian Academy of Sciences, Saudi Arabia will propose advantageous economic deals, in exchange for concessions from Russia, with the intent of obtaining political gain in Syria.

Earlier on Tuesday, Russian Energy Minister Alexander Novak met his Saudi counterpart Khalid al-Falih and discussed situation on global oil markets.

OPEC and its partners on Thursday agreed to extend last year's landmark deal, which has failed to eliminate global oversupply or achieve a sustained price recovery in the past six months. "We are moving forward quickly and in a positive way".

"The actions we agreed are helping to stabilise the situation on the world hydrocarbon markets".

Last week OPEC agreed to extend its existing production cuts by nine months - more than the initially suggested six months - in tandem with non-OPEC producers, including Russian Federation.

Both Moscow and Riyadh said that cooperation would last beyond the current agreement as both countries are still trying to find ways to co-exist with US shale oil producers, who are not part of the global output reduction deals. Back in 2015, Prince Mohammed said at a meeting with Putin that Riyadh was concerned with Moscow's military involvement in support of President Bashar Assad and warned this involvement could have "dangerous consequences".

Deputy Crown Prince Mohammed bin Salman's trip to Moscow follows the visit of Donald Trump in Riyadh. "We are convinced that he didn't do it", Putin told daily newspaper Le Figaro in an interview.

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