UPDATE 1-Russia and Saudi Arabia urge all OPEC+ countries to join output deal

Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman have urged all OPEC+ countries to join the group's agreement on output cuts, saying it would serve the interests of the global economy. The appeal was made in a joint statement published on Thursday after the two met a day earlier and also said that Russia and Saudi Arabia had agreed it was important to boost cooperation in oil and gas, including in equipment supplies. Following last week's OPEC+ meeting, Saudi Arabia agreed to extend voluntary oil output cuts of 1 million barrels per day (bpd) into the first quarter, while Russia said it would continue to curb oil exports by 300,000 bpd and additionally reduce its fuel exports by 200,000 bpd in January-March.