Russian, Saudi energy ministers pledge long-term cooperation

Saudi Arabia and Russia have pledged to cooperate in order to ensure sufficient oil supplies amid market instability, the Saudi Press Agency has reported.

Both countries also pledged to continue working towards long-term cooperation among OPEC and non-OPEC members.

This came during the meeting held between the Russian Energy Minister Alexander Novak and his Saudi counterpart Khalid Al-Falih in Moscow. 

Novak and Falih also discussed bilateral energy ties, the global oil market supply and demand, as well as potential and ongoing risks facing the industry.