FILE PHOTO: Russian President Vladimir Putin chairs a meeting of the Commission for military technical cooperation with foreign states via video link, at the Novo-Ogaryovo residence outside Moscow, Russia April 9, 2020. Sputnik/Alexei Druzhinin/Kremlin via REUTERS

MOSCOW (Reuters) - Russian President Vladimir Putin said on Friday he was planning to hold new talks on oil prices after phone calls with U.S. President Donald Trump and the leadership of Saudi Arabia, TASS news agency reported.

OPEC, Russia and other allies outlined plans on Thursday to cut their oil output by more than a fifth and said they expected the United States and other producers to join in their effort to prop up prices hammered by the coronavirus crisis.