Russian, Saudi energy ministers to have phone call on Monday

Russia's energy minister Alexander Novak said on Monday that he planned to have a phone call with his Saudi counterpart following attacks on Saudi oil facilities.

He said there is enough oil in commercial stockpiles worldwide to cover the shortfall of supplies from Saudi Arabia.

Novak told reporters that parameters of the global oil output deal have not been changed and there is no immediate need to convene an extraordinary OPEC and non-OPEC meeting.