CNBC | Saudi Arabia, Russia agree to 'historic' oil market cooperation CNBC Top oil producers Saudi Arabia and Russia made a joint statement at the G-20 summit in China on Monday aimed at stabilizing crude prices, media reports said. Russia and Saudi Arabia recognize the need to contain excess volatility in the market, the ... Oil jumps amid talk of producer action to support prices Oil price jumps after Russia & Saudi Arabia call for cooperation Oil Market: Saudi Arabia's New Game Plan |