Major Producers Work On Agreement To Freeze Oil Production
By John YdstieMajor Producers Work On Agreement To Freeze Oil Production
By John Ydstie
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The price of oil is up on news that four major producers are talking about freezing production at January levels. Saudi Arabia, Russia, Venezuela and Qatar want to limit production to see if they can put a floor under oil prices and maybe move them up. But they will need cooperation from Iran and Iraq, which will be hard to achieve.
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