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. Receive daily email alerts, subscriber notes & personalize your experience. Register Now 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. “Both sides confirmed their readiness for further coordination of actions in the OPEC plus format to ensure stability of the global oil market,” the statement added. “It was agreed to continue contacts at various levels.” […]