Saudi Arabia could agree to “freeze” oil output from OPEC and non-OPEC countries at current levels

Market news

11 February 2016

Saudi Arabia could agree to “freeze” oil output from OPEC and non-OPEC countries at current levels

Reuters reported on Thursday that Saudi Arabia could agree to "freeze" oil output from the Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC countries at current levels if Iran will agree to sign such an agreement. To "freeze" oil output at current levels is a Venezuelan proposal.

According to the source familiar with the matter, Qatar and the Russia had given their initial agreement.

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