Russia, Saudi Arabia Approve Oil Freeze Deal, Says Oman Minister - Bloomberg:
"Saudi Arabia and Russia have approved a deal to freeze crude output until Oct. 1 at January levels and other producers are expected to do so, Mohammed Al Rumhy, Oman’s oil minister, said in an interview in Doha.
At least 16 nations representing about half the world’s oil output are gathering on Sunday in the Qatari capital to discuss the proposal, aimed at stabilizing the oil market. Prior to the meeting, Saudi Arabia’s Deputy Crown Prince said the nation wouldn’t agree to restrain its production unless other producers, including Iran, agree to freeze. Iran decided not to attend the meeting."
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