08.04.2016 - Russia, OPEC Said Likely To Freeze Oil Output Without Iran
Russia and the Organization of Petroleum Exporting Countries can reach an agreement to freeze oil production, even if Iran doesn’t join in, a top OPEC official told Bloomberg News. Kuwaiti OPEC governor Nawal al-Fezaia's prediction of an output freeze excluding Iran in an interview with Bloomberg helped send oil prices soaring more than 5 percent on world markets on April 6 and 7. Fezaia said oil-producing countries have no alternative but to reach an agreement to freeze output when they meet on April 17 in Doha, Qatar, because prices are too low...............................................Full Article: Source
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