Oil-Market Rescue No Nearer Amid Saudi-Russia ‘Lip Service’

Updated on
  • Analysts skeptical that meaningful freeze deal can be reached
  • Iran’s Rouhani says ‘vital’ to restore pre-sanctions output

Saudi and Russia Plan Joint Action on Oil Output

An international agreement to cap crude-oil output in a way that would restrict actual supply and support prices looks no nearer after the two largest producers pledged to cooperate.

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