| The world’s top two crude-oil producers pledged to cooperate to stabilize global markets, while failing to announce any specific measures to bolster prices. “We have a number of tools at our disposal for joint actions,” Russian Energy Minister Alexander Novak said following a meeting with his Saudi counterpart Khalid Al-Falih. Both agree that an output freeze would be the most constructive instrument, he said.
Despite promise of a “significant” announcement -- leading to a 5.5 percent jump in oil prices -- no concrete actions were revealed at the joint press briefing in Hangzhou...............................................Full Article: Source
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