Russia The oil ministers of Russia and Saudi Arabia plan to discuss a broad cooperation agreement on Thursday at an economic forum in St Petersburg, two sources told Reuters. Saudi Arabia is the top producer in the Organization of the Petroleum Exporting Countries and the world’s top oil exporter, while Russia, which is not an OPEC member, is the second biggest oil supplier to the global markets. One source said the agreement to be discussed between Russian Energy Minister Alexander Novak and Saudi Oil Minister Ali al-Naimi would not be about joint oil production or export strategy. Russia has stepped up contacts with OPEC after oil prices plunged last year, but it has dismissed any suggestion it might cut output to prop up prices. OPEC has also refused to curb its output in order to defend market share. A spokeswoman for Russia’s Energy Ministry confirmed the meeting […]