Saudi Oil Minister Al-Falih Sees Output Freeze as ‘Positive’
- OPEC to meet other producers next month on supply, price
- Iran Minister Zanganeh says he’ll meet OPEC secretary general
Khalid Al-Falih.
Photographer: Akos Stiller/BloombergThis article is for subscribers only.
Saudi Arabia’s energy minister said an oil-output freeze would be "positive" if it happens, while ruling out a cut in production.
Iran’s oil minister became the latest OPEC member to say he will attend a meeting of producers in Algiers next month to discuss market conditions, including the possibility of keeping crude production at current levels. Saudi Arabia rejected an earlier attempt by some in the Organization of Petroleum Exporting Countries to freeze output at an April meeting in Doha.