What a Saudi Oil-Supply Freeze Would Really Mean for Markets

  • Oil Minister Ali Al-Naimi said the nation won't cut supply
  • OPEC's largest producer typically increases output in summer

Is A Saudi-Russia Oil-Output Freeze ‘Ridiculous’?

Saudi Arabia shot down rumors it might cut oil production, but reaffirmed its commitment to an output freeze that could restrict crude flows to market this summer. With the world’s biggest exporter already pumping near-record volumes, that may not matter.

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