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Saudi King and Putin Discuss Oil Market After Virus Slams Prices

Vladimir Putin, second from left, and Saudi King Salman bin Abdulaziz, right, in Riyadh in 2019. 

Vladimir Putin, second from left, and Saudi King Salman bin Abdulaziz, right, in Riyadh in 2019. 

Photographer: Alexey Nikolsky /SPUTNIK/AFP via Getty Images

Saudi and Russian leaders held a rare phone call as oil markets tumbled, the latest signal that the OPEC+ alliance is trying to build a consensus for an output cut to prop up prices.

Russian President Vladimir Putin and Saudi King Salman bin Abdulaziz discussed the global energy market on Monday evening, the Kremlin said in a statement. Both leaders confirmed “readiness to continue cooperation within OPEC+,” it said. The kingdom also confirmed the call.