OPEC Deal Still Elusive Even After Saudis Offer Oil Cuts to Iran

  • Kingdom proposed supply reduction in return for Iran freeze
  • Russia may only join talks after OPEC members reach deal

OPEC Set to Talk Freeze Amid Expanding Supply Glut

OPEC members aren’t likely to reach a supply deal in Algiers next week, but an agreement to boost prices could be drawing closer after Saudi Arabia signaled for the first time in two years that it’s willing to cut production.

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