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March 22, 2016 9:39 am

Saudi Arabia to Join Nations in Freezing Oil Output Without Iran’s Participation

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An Iranian petroleum plant. Photo: Wikipedia.

An Iranian petroleum plant. Photo: Wikipedia.

Saudi Arabia is prepared to join an oil output freeze next month without Iran taking part, a senior Opec delegate said, making a deal among big producers more likely.

Some of the world’s largest oil nations will meet in Doha on April 17 to discuss restraining output. It follows a provisional agreement reached in February by Saudi Arabia, Russia, Qatar and Venezuela to keep production at January levels.

Read full story at the Financial Times.

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