US and Russia agree to hold high level talks on oil markets

31 March, 2020

US President Donald Trump and Russian President Vladimir Putin agreed to a consultation between US and Russian energy ministers concerning oil prices, in response to the global slump due to coronavirus and the price war between Saudi Arabia and Russia (Reuters, 31-Mar-2020). Brent crude oil prices descended below USD20 per barrel temporarily on 30-Mar-2020, before settling at USD22.76 per barrel.