An oil pump jack in an oil field near the city of Almetyevsk. (Photo Credit: Yegor Aleyev/TASS)

Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Minister of Defence, yesterday (May 28) received a phone call from Russian President Vladimir Putin, reports citing Trade Arabia.

During the phone conversation, they discussed the efforts being exerted to stabilize the oil markets, the Saudi Press Agency reported.

For his part, Putin praised the kingdom’s prominent role and efforts in stabilising the global oil markets.

They also discussed the relations between the two countries and means of developing them, it added.