#AceFinanceNews – Sept.05: This is a report from our breaking news earlier
After months of price volatility in the #oil markets today Saudi Arabia, Russia sign strategic oil pact
HANGZHOU: The world’s two largest oil producers, Russia and Saudi Arabia, on Monday agreed to act together to stabilize global oil output.
Energy ministers Alexander Novak and Minister Khalid Al-Falih met Monday on the sidelines of the Group of 20 nations’ summit in China. A joint statement released by Russia said both ministers “recognized the need to restrain an excessive volatility of the oil market” and agreed to act together “in order to stabilize the oil market.”
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