London/Moscow — Russia and Saudi Arabia held a second, and unusual, phone call this week to discuss the Opec+ agreement after officials from the group warned on Friday of the potential for a weaker oil market in 2021.

President Vladimir Putin and Saudi Arabia Crown Prince Mohammed Bin Salman spoke on Saturday in what the Kremlin said was a continuation of an October 13 conversation. The two discussed the Opec+ co-operation “extensively”, the Kremlin said...

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