RUSSIA, SAUDI ARABIA READINESS
PLATTS - 03 Feb 2020 - Saudi Arabia and Russia are ready for "further coordination of actions" to ensure the stability of the global oil markets as oil prices have plunged amid concerns that the coronavirus will sap oil demand in the world's largest crude oil importer China.
Russian President Vladimir Putin and Saudi King Salman bin Abdulaziz "thoroughly discussed" the current oil market conditions as prices have fallen by more than 20% in the past three weeks amid global oil demand concerns, a Kremlin statement said late Monday.
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