Saudi Arabia, Russia agree to cooperate on oil market: reports

September 5, 2016 10:16 AM

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Saudi Arabia, Russia agree to cooperate on oil market: reports

Saudi Arabia and Russia on Monday agreed to cooperate on a bid to stabilize the struggling energy market, according to media reports.

In a statement at the Group of 20 meeting in China, the world’s two largest oil producers said they will set up a working group to monitor the oil market and come up with recommendations to promote stability, according to the report. The countries recognize the need to contain the supply glut that h...

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