![Russian President Vladimir Putin (R) and Saudi Arabia's King Salman bin Abdulaziz al-Saud (not seen) meet at the Al-Yamamah Palace in Riyadh, Saudi Arabia on 14 October 2019 [BANDAR ALGALOUD / SAUDI KINGDOM COUNCIL / HANDOUT/Anadolu Agency]](https://i0.wp.com/d2.middleeastmonitor.com/wp-content/uploads/2019/10/20191014_2_38739814_48477159.jpg?fit=920%2C613&ssl=1)
Saudi Arabia has denied making any contact with Russia with the intention of balancing the oil market amidst the massive global price fall, RT reported on Friday.
In a statement issued by the Saudi Energy Ministry, the Saudi kingdom, which is the largest oil producer in the region, dismissed reports about discussions with Russia aiming to revive the OPEC+ alliance.
“There has been no contact between Saudi Arabian and Russian energy ministers over any increase in the number of OPEC+ countries, nor any discussions of a joint agreement to balance oil markets,” the statement revealed.
The statement was issued after news reports that a senior Russian official had contacted Riyadh and discussed possibilities to increase the number of OPEC+ alliance countries, in order to pave the way for a common agreement that controls oil markets.