Saudi Arabia, Russia agree on oil output freeze (Update)


epa05164315 Saudi Minister of Oil and Mineral Resources Ali al-Naimi (C), speaks to reporters in Doha, Qatar, 16 February 2016. Reports state Russia, Saudi Arabia, Qatar and Venezuela said following a meeting in Doha they are ready to freeze oil production at January's level if other producers do the same. The agreement is meant to help prevent a further drop in oil prices. Oil prices have gone below 30 dollars a barrel in recent months, their lowest levels in years. EPA/STR

* See also Kuwait welcomes deal to freeze oil output


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