The Russian ruble has rebounded as the oil prices jump after US President Donald Trump said he expected Russia and Saudi Arabia to take 10 billion barrels of daily oil supplies from market

Saudi Arabia called for an urgent meeting of OPEC+ producers to discuss ways to stabilize the oil markets, Saudi state-run news agency SPA said in a statement on Thursday

Russia and Saudi Arabia may withdraw from the global market as much 15 million barrels of oil to support prices that have nosedived amid oversupply and the novel coronavirus (COVID-19) pandemic, US President Donald Trump said on Thursday

Brent oil futures jumped by 40 percent, peaking at $35.99 on Thursday, but have retreated since

Kremlin spokesman Dmitry Peskov refuted on Thursday US President Donald Trump's claims about a phone conversation between Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman

Russia and the United States have a common assessment of the situation on the oil market and agreed to work out joint measures to stabilize it, Russian Energy Minister Alexander Novak said on Thursday

US President Donald Trump said on Thursday that he expects and hopes Saudi Arabia and Russia will cut oil output by 10 million barrels to stabilize plummeting oil prices

If quarantine measures, related to the coronavirus outbreak, are extended, global oil demand may fall by 20 million barrels per day, Russian Energy Minister Alexander Novak said on Thursday

The Russian Energy Ministry has not yet discussed the oil market situation with partners from Saudi Arabia, but maintains contact with other OPEC+ nations, Energy Minister Alexander Novak said on Thursday