DUBAI: Saudi Arabia wants to cooperate with other oil producers to support the oil market, Saudi-owned al-Arabiya television reported on Sunday, quoting an unnamed Saudi source.
The source also told the Dubai-based satellite channel that the kingdom was not the source of a proposal to cut production that Russia was studying.
Russia said on Thursday that OPEC had proposed oil production cuts of up to 5 percent in what would be the first global deal in over a decade to help reduce a glut of crude and prop up sinking prices.
Reuters
