Saudi Arabia, Russia to Freeze Oil Output Near Record Levels

Updated on
  • Qatar, Venezuela also agreed to freeze, asked others to follow
  • Saudis will consider 'other steps' to improve market: Naimi

Russia, Saudi Arabia Freeze Oil Production: What’s Next?

Saudi Arabia and Russia agreed to freeze oil output at near-record levels, the first coordinated move by the world’s two largest producers to counter a slump that has pummeled economies, markets and companies.

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