Qatar’s energy minister said the world’s big oil producer countries had reached a conditional agreement to freeze production at January levels.
Mohammed Bin Saleh Al-Sada said the provisional deal, announced after a meeting of oil ministers from Saudi Arabia, Russia, Venezuela and Qatar, would be contingent on major producers following suit, reports Anjli Raval, the FT’s Oil & Gas Correspondent.
“We believe this step will stabilise the market,” he said, according to Reuters.
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