Saudi Arabia, Russia agree to an oil output freeze4 min read . Updated: 17 Feb 2016, 02:03 AM IST
Oil prices jumped on the news about the secret meeting but later pared gains on concerns that Iran may reject the deal
Doha: Top oil exporters Russia and Saudi Arabia agreed on Tuesday to freeze output levels but said the deal was contingent on other producers joining in—a major sticking point with Iran absent from the talks and determined to raise production.
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