Kuwait Says Oil Producers Can Reach Output Freeze Without Iran
- Producers may consider freezing oil output at February levels
- Oil price to end year at $45-$60, Kuwait's OPEC governor says
Kuwait: Oil Producers Can Reach Freeze Without Iran
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The Organization of Petroleum Exporting Countries and other major oil producing countries can reach an agreement for a production freeze, even if Iran doesn’t join the action meant to help shore up prices, according to Kuwait’s OPEC governor.
Oil-producing countries have no option but to reach an agreement to freeze output when they meet on April 17 in Doha, Qatar, because prices are too low, Nawal al-Fezaia said in a telephone interview on Tuesday. The freeze, which may be at February levels, may also help set a floor for oil prices, she said.