# Putin and Saudi crown prince discuss OPEC+ cooperation to maintain price stability -Kremlin | Reuters

> Russian President Putin and Saudi Crown Prince Mohammed bin Salman discussed OPEC+ cooperation to maintain oil price stability, according to the Kremlin. Delegates told Reuters the panel was likely to keep the current output policy.

- Date: 2023-01-30 · published 2023-01-30T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/37687-putin-and-saudi-crown-prince-discuss-opec-cooperation-to-maintain-price
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Coordination between Russia and Saudi Arabia reinforces expectations of steady OPEC+ supply, which limits downside for crude and energy costs.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-01-26 | [OPEC+ set to keep oil production pause for March as prices jump, sources say \| Reuters](https://feedsoft.ai/events/20969-opec-set-to-keep-oil-production-pause-for-march-as-prices-jump-sources-say.md) | +6.6% | +7.8% |
| BRENT | 2019-10-01 | [OPEC oil output sinks to lowest since 2011 after Saudi attacks: Reuters survey](https://feedsoft.ai/events/56738-opec-oil-output-sinks-to-lowest-since-2011-after-saudi-attacks-reuters-survey.md) | -3.3% | +0.2% |
| BRENT | 2019-07-31 | [OPEC oil output hits lowest since 2011 on Saudi cut, sanctions: Reuters survey](https://feedsoft.ai/events/58012-opec-oil-output-hits-lowest-since-2011-on-saudi-cut-sanctions-reuters-survey.md) | -7.6% | -7.3% |
| BRENT | 2021-07-05 | [OPEC+ abandons oil policy meeting after Saudi-UAE clash \| Reuters](https://feedsoft.ai/events/46224-opec-abandons-oil-policy-meeting-after-saudi-uae-clash-reuters.md) | -0.6% | +0.2% |
| BRENT | 2026-03-03 | [Global oil and gas prices soar as Iran crisis disrupts shipping, production \| Reuters](https://feedsoft.ai/events/8777-global-oil-and-gas-prices-soar-as-iran-crisis-disrupts-shipping-production.md) | +24.7% | +51.3% |
| WTI | 2026-01-26 | [OPEC+ set to keep oil production pause for March as prices jump, sources say \| Reuters](https://feedsoft.ai/events/20969-opec-set-to-keep-oil-production-pause-for-march-as-prices-jump-sources-say.md) | +6.4% | +9.1% |
| WTI | 2019-10-01 | [OPEC oil output sinks to lowest since 2011 after Saudi attacks: Reuters survey](https://feedsoft.ai/events/56738-opec-oil-output-sinks-to-lowest-since-2011-after-saudi-attacks-reuters-survey.md) | -2.5% | +2.9% |
| WTI | 2019-07-31 | [OPEC oil output hits lowest since 2011 on Saudi cut, sanctions: Reuters survey](https://feedsoft.ai/events/58012-opec-oil-output-hits-lowest-since-2011-on-saudi-cut-sanctions-reuters-survey.md) | -7.6% | -5.3% |

## Sources

- reuters.com: https://www.reuters.com/world/europe/putin-saudi-crown-prince-discuss-opec-cooperation-maintain-price-stability-2023-01-30/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.