Russia and Saudi ministers praised level of cooperation in OPEC+, says Moscow

Russia's Foreign Minister Sergei Lavrov meets with Saudi Arabia's Foreign Minister Prince Faisal bin Farhan Al Saud in Riyadh, Saudi Arabia May 31, 2022. Russian Foreign Ministry/Handout via REUTERS

(Reuters) - Russian Foreign minister Sergei Lavrov on Tuesday met Saudi counterpart Prince Faisal bin Farhan Al Saud and both men praised the level of cooperation inside OPEC+, the Russian foreign ministry said.

"They noted the stabilising effect that the tight cooperation between Russia and Saudi Arabia has on world markets for hydrocarbons in this strategically important sector," the ministry said in a statement.