Russia's Putin: Saudi Arabia wants higher oil prices

Russian President Vladimir Putin recently crossed the wires noting that Saudi Arabia wants higher oil prices.

Key quotes (via Reuters)

• We will continue relations with OPEC.
• We have differences over what is a fair oil price.
• $60-$65 oil price suits us.
• Decline in Iran, Venezuela, problems in Libya, Ligeria should be taken into account.
• We will take consolidated decision with OPEC colleagues.